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Member Qualifications
Police & Fire Department Retirement Plan Member Qualifications
The Plan’s Board of Administration consists of nine members with four year terms except for the City Council members whose terms depend on their Council status:
  • Two employee members, one Fire Department employee and one Police Department employee
  • Two members who retired under the retirement plan provisions; One from Police and one from Fire
  • Four members of the public appointed by the City Council
  • One public member selected by the Police & Fire Board 

Each Public Board Member must live within a 50-mile radius of San José City Hall. 

Public Board Members must have a baccalaureate degree from an accredited college or university in finance, actuarial science, law, economics, business or other relevant field of study.  An advanced degree in a relevant field of study or professional certification is desirable but not required.

Knowledge and Experience 
Board members should have a high level of knowledge and expertise and at least twelve (12) years' experience relevant to the administration of a public retirement plan, including but not limited to: (1) senior executive position in pension administration; (2) pension actuarial practice; (3) institutional investment management; (4) auditing; (5) accounting; (6) legal; (7) health and welfare and/or employee benefits management; (8) investment management; (9) banking; (10) asset/liability management for an insurance company; (11) college or university professor with a focus on fiduciary or trust fund law or a quantitative background in financial theory or actuarial math.  Twelve (12) years combined experience in a related field may meet this requirement.

The Civil Service Commission member receives as compensation for services as a member of the Board, the sum of $225.00 per month. There is no compensation for the members of the Board who are employee and retiree representatives, City Council members or City administration members. However, from time to time, all Board members may be reimbursed for some expenses incurred on City business.

Political Reform Act
The Conflict of Interest Section of the Political Reform Act applies to the Deferred Compensation Advisory Committee. Committee members are required to file a Statement of Economic Interests (Form 700) upon appointment and annually thereafter and is subject to the City's Code of Ethics:

Appointment Process
  • Active/Retiree members are elected by their membership and appointed by the City Council
  • The public members are appointed by City Council

Attendance Policy
Board members are expected to attend all meetings. Members who have unexcused absences from any three consecutive regular meetings or more than 20% of the meetings in a calendar year are deemed to have resigned from the Board.

For further information about the Plan, please contact the Office of Retirement Services staff at (408) 794-1000.