City of San Jose Office of Retirement Services

Federated Retirement Plan Board

The Retirement Plan is administered by a seven-member Board of Administration composed of two City employees elected by members of the system, a Retiree Representative, and three public members, who are not connected with the City and have significant banking or investment experience, and another public member, who is selected by the six Board members and approved by the City Council. The Board is appointed by the City Council and serves in accordance with Section 2.08.300 of the San Jose Municipal Code.

Mission Statement:

Our mission is to:

govern and manage the System in accordance with applicable fiduciary standards;
provide accurate, timely benefits and high-quality service to our members and beneficiaries; and
collect, invest, and expend system assets in a cost-effective manner.

Accurate pension checks, on time … for life!