JAN 21, 2026 | Police & Fire Department Retirement Plan Board

The City of San Jose Police & Fire Department Retirement Plan Board convened to discuss several key administrative and governance issues. The board approved updates to the trustee educational travel policy to allow more flexibility in lodging choices, reflecting feedback from trustees. Investment performance was reviewed, showing positive returns for the pension and healthcare trusts. The board also discussed the discount rate assumptions for actuarial purposes, with a decision pending. A significant portion of the meeting was dedicated to reviewing recent legislative changes to the Brown Act, particularly regarding teleconferencing rules, social media use, and public meeting transparency, with legal counsel providing detailed guidance to ensure compliance. The board reviewed results from a self-evaluation survey highlighting areas for improved governance and training, and discussed committee assignments with an emphasis on succession planning. Additionally, retirements and survivorship notifications were acknowledged. The meeting also covered staffing updates, procurement challenges due to new contracting notice requirements, and ongoing efforts to enhance digital communications with retirees. Overall, the meeting focused on governance, compliance with new regulations, and operational updates affecting the retirement plan's administration.