City of San José - File #: 26-893

• File #: 26-893
• Version: 1
• Type: Strategic Support
• Status: Agenda Ready
• File created: 8/18/2026
• In control: City Council
• On agenda: 9/1/2026
• Title: Amendment to the Contract with the California Public Employees’ Retirement System (CalPERS) to Allow Employees in the Deputy Chief Investment Officer Classification in the Office of Retirement Services to Enroll in CalPERS Retirement Benefits.

Date	Ver.	Action By	Action	Result
9/1/2026	1	City Council

...Title

Amendment to the Contract with the California Public Employees’ Retirement System (CalPERS) to Allow Employees in the Deputy Chief Investment Officer Classification in the Office of Retirement Services to Enroll in CalPERS Retirement Benefits.

...Recommendations

Approve an ordinance to amend the City of San José’s contract with the California Public Employees’ Retirement System (CalPERS) to allow employees hired into the Deputy Chief Investment Officer classification in the Office of Retirement Services on or after the effective date of the amendment to enroll in the CalPERS defined benefit pension plan with an anticipated effective date of October 25, 2026.

CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (City Manager)