►
Description
City of San José, California
Police & Fire Department Retirement Plan Board of June 2, 2022
This public meeting will be conducted via Zoom Webinar. For information on public participation via Zoom, please refer to the linked meeting agenda below.
Agenda https://sjrs.legistar.com/View.ashx?M=A&ID=978018&GUID=A08C9972-AB27-489D-8CBC-6F03D7CB4E9D
A
A
A
A
A
A
C
B
Sunita,
are
you
here,
yeah,
I'm
fine
sunita
and
I
had
lunch
on
tuesday.
I
finally
met
sunita
in
person.
It
was
great
to
meet
you
soon.
I
was
like
we've
met
before
you're,
like
the
fourth
person,
I've
known
for
like
over
two
years
now
under
codes,
and
I
have
not
met
in
person,
and
I
can
never
remember.
I
mean
you
get
to
know
someone
so
well,
so
it
was
great
to
meet
you
in
person.
We
had
a
fun
lunch
new
trustee,
david
quan.
Are
you
here.
B
C
B
B
B
All
right
apologize
for
you
joined
before
we
kick
off
the
rest
of
the
meeting
and
go
for
comments
from
the
public
and
stuff.
We
liked
our
closed
sessions
right
up
front
at
time,
certain
so
linda
or
whoever
fires
up
in
the
closed
session.
B
B
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
B
B
B
We're
back,
let
me
get
my
agent,
oh
good,
you
got
the
agenda
all
right.
We
had
a
closed
session,
we'll
be
picking
it
up
again
in
open
session
in
five
or
ten
minutes.
We
have
no
affordable
items
out
of
that
closed
session.
So
we've
done
our
agenda,
we're
two
orders
of
the
day.
B
So
let
me
get
my
piece
of
paper
out
here.
General
rules
we're
on
zoom,
so
we'll
follow
good
zoom
etiquette,
we'll
do
round
robin
on
issues
we're
going
to
take
a
boat
we'll
do
the
first
round
robin
for
questions
or
comments
and
we'll
do
the
second
round
robin
to
record
the
vote
in
general.
B
You
know
for
financial
briefs
and
stuff.
When
wednesday
you
know
casey
or
one
of
our
financial
guys
is
talking
got
some
of
that
feel
free
to
interrupt.
Questions
are
often
often
best
done.
Timely
and
we've
done
that
in
the
past
and
hasn't
proved
to
be
a
problem.
I
think
we've
got
a
very
high
function
board
just
be
aware:
we're
on
zoom
slightly
different
rules
than
if
we
were
in
person.
B
God
bless.
We
have
no
items
to
wave
sunshine
on
we've
slightly
changed
the
way.
We've
done
this
so
the
floor
is
now
open
to
any
members
of
the
public
for
two
minutes.
If
they
want
to
make
any
comments
or
ask
any
questions,
go
ahead
and
raise
your
hand
in
zoom
and
we
and
the
staff
will
look
for
a
raised
hand.
So
do
you
want
to
jump
in
raise
your
hand?
D
B
C
That
something
was
going
to
be
presented
and
is
that
still
on,
or
is
that
going
to
be
later.
D
I
I
think
we
were
expecting
to
come
out
of
a
closed
session
by
9
30,
but
we
took
longer
than
anticipated,
so
we,
you
know
running
about
30
minutes
behind,
but
we
do
have
a
time.
Certain
discussion
for
10
30.
is
that.
E
Correct,
yes,
that's
correct
and
cheerleader.
If
I
may.
E
B
Great
or
whenever
mizzeke
may
shows
up
so
is
that
an
answer
question
ray.
B
Thanks
so
I
missed
smoker
when
I
said
we'll
be
getting
back
to
it,
because
I
noticed
mizitmay
is
not
on.
Oh,
let's
see
so.
We've
done
that
the
consent
calendar
does
anybody
want
to
pull
anything
off
the
consent
calendar,
if
not
I'll,
entertain
a
motion
to
approve
motion
approved
by
gardner
ocean?
My
gardener
do
I
have
a
second
second.
C
B
Right
I
have
a
motion,
my
garden
you're,
saying
by
wilson.
Let's
go
round
andrew,
how
do
you
vote
hi,
sunita
hi,
david.
B
Franco,
we
can't
hear
you
oh
dave,
hi,
I'm
chair
lanza
and
I
vote
I
as
well
so
peru
item
two
investments
over
you.
C
All
right,
thank
you,
drew
good
morning
trustees.
We
have
about
25
minutes.
I
guess
before
time
certain
we'll
try
to
accomplish
as
much
as
we
can.
C
We
will
be
discussing
first
quarter,
calendar
quarter,
performance
and
fourth
quarter
of
last
year
for
private
markets,
but
before
we
get
to
that,
as
I
always
do,
I
do
have
some
preliminary
performance
numbers
from
makita
and,
as
always,
you
know
with
the
preface
that
this
is.
These
are
unaudited
numbers,
and
these
are
estimates
so
fiscal
year
to
date,
the
pension
system
is
down.
1.39
healthcare
is
down
5.75.
C
So
again,
these
are
unaudited
estimates.
C
The
market
is,
of
course,
as
as
you
all
know,
confronting
a
host
of
issues
we
seem
to
have
attempt
have
had
a
temporary
reprieve
now
in
the
last
week
or
so,
but
staff
has
been
internally
discussing
several
options
and
at
some
point
in
the
next
few
days
I
will
reach
out
to
to
trustee
manon
ric
chair
to
talk
about
this
further
and
and,
if
need
be,
hold
a
special
ic
meeting
with
that.
Unless
there
are
any
questions
for
me,
I
will
turn
this
over
to
casey
boyer
from
new
burger.
F
Great
thank
you
happy
to
be
here
with
you
all
to
discuss,
2021
and
how
the
year
turned
out
for
the
program.
Let
me
just
take
a
second
to
share
my
screen.
F
Okay,
let
me
do
full.
F
Great,
so
I
thought
I
would
take
just
a
couple
minutes
up
front
to
go
through
kind
of
some
higher
level
market
items
that
obviously
will
affect
private
markets.
F
I'm
sure
top
of
mind,
for
everyone
is
public
markets
and
and
how
that
has
fared
through
2022,
not
the
best
and
kind
of
how
that
relates
to
our
portfolio.
F
So
I
thought
I
would
just
take
a
couple
minutes
there.
At
the
outset,
the
high
level
performance
for
q4
was
very
good.
The
portfolio
increased
in
value.
There
were
some
distributions
that
came
through
from
from
realizations
within
the
portfolio,
so
overall,
very
very
good
performance,
but
we
are
you
know,
starting
the
six
month.
Sixth
month
of
2022
and
and
things
have
changed
since
the
year
end,
so
essentially
just
kind
of
high
level.
F
The
private
markets
always
do
tend
to
lag
public
markets,
and
we
are
kind
of
seeing
that
trend
continue,
despite
public
markets
being
down
so
we're
kind
of
yet
to
see
that
that
headwind
in
in
the
valuations
within
private
markets,
we
do
expect
that
to
roll
through.
I
would
expect
kind
of
by
year
end
that
we
should
see
some
of
that.
F
So
it
will,
it
will
make
the
exit
environment
for
private
markets
a
little
bit
more
challenging
and
we'll
kind
of
see
how
that
that
plays
out.
So
far
we
haven't
seen
seen
that
change,
but
I'm
I'm
guessing
if
we
kind
of
stay
where
we
are
that
will
flow
through
the
good
news
and
kind
of
the
flip
side
on
that
is
that
there
were
a
lot
of
really
great
exits
and
realizations
last
year
in
2021.
F
So
we
did
kind
of
see
that
elevated
exit,
environment
and,
and
also
on
the
flip
side,
when
there
are
kind
of
the
lower
valuations.
That
is
a
good
scenario
for
new
deal
flow
and
new
investments
to
be
made
within
our
private
markets
portfolio.
F
If
there
are
large
corporates
within
the
public
world,
private
markets
can
definitely
take
advantage
of
corporate
carve-outs,
as
the
corporations
are
kind
of
focused
on
other
things,
and
they
would
like
to
divest
some
assets
and
obviously
there's
the
ability
to
take
public's
private
so
that
universe.
When
markets
come
down.
F
Is
much
bigger
for
the
private
markets
to
take
advantage
of
so
I
think,
just
in
general,
the
focus
of
the
private
markets.
Currently
when
we
are
making
investments
is
very
much
to
focus
on
profitability
of
companies
over
the
last
few
years.
A
lot
of
the
focus
you
know
people
have
paid
a
lot
for
growth,
but
that
that
is
changing.
There's
much
more
focus
and
importance
on
the
profitability
of
a
company.
F
So
happy
to
answer
any
questions
kind
of
on
on
those
comments
as
we
go,
but
just
flipping
to
the
presentation
and
and
how
the
portfolio
did
in
q4
you'll
see
here
on
the
screen,
the
net
return,
so
the
net
multiple
and
net
irr
for
the
program
continues
to
perform.
Well,
there's
one
point:
it
was
a
1.9
times
net,
multiple
at
the
end
of
q4
and
a
37.3
percent
net
irr
for
the
new
burger
specific
returns.
F
When
you
compare
that
to
the
prior
quarter,
q3
the
net
multiple
was
1.8
times
so
a
nice
uptick
in
q4.
Another
item
that
you'll
see
that
has
changed
over
the
the
last
few
quarters
is.
We
are
starting
to
make
more
distributions,
so
you'll
see
more
realizations
within
your
underlying
portfolio
in
q3,
the
distribution
number
was
21.7
you'll
see
here
in
q4
it
is
34.2,
so
there
were
approximately
13
million
of
distributions
over
the
quarter
post
q4
we've
made
an
additional
10
million
of
distributions
to
the
plan,
so
very
good.
Developments
on
that
side.
F
I'll
flip
to
the
next
page,
which
you'll
you
know,
the
next
few
pages
are
where
we
benchmark
the
underlying
investments
within
the
portfolio.
The
fund
investment
specifically
you'll,
see
page
three
is
related
to
the
legacy
investments
within
your
portfolio,
as
we
continue
to
turn
you'll
see
that
on
page
four
as
well,
we
are
looking
at
the
gross
irr
and
moic
of
each
investment
and
then
quartiling
it
against
the
peer
benchmark
to
show
where
that
investment
sits
compared
to
peers.
F
Since
last
quarter,
we
actually
did
add
an
element
to
this
presentation
to
help
you
identify
changes
within
these
quartiles
and
you'll,
see
on
these
pages
green
arrows,
showing
that
this
quartile
has
gone
up
since
the
last
quarter
and
then,
obviously,
if
it
went
down,
also
you'll
see
that
so,
hopefully
that
can
kind
of
help
you
from
quarter
to
quarter,
see
how
things
are
trending.
F
One
thing,
I
would
say
is
you'll
see
more
movement
in
terms
of
arrows
up
and
down
within
the
more
recent
vintage
years
as
those
portfolios
are
still
really
developing,
and
you
know
changing
as
as
time
goes.
So
these
these
vintage
years
in
2018,
19,
20
21,
that
are
still
very
recent
you'll,
see
you'll
continue
to
see
changes,
but
overall
good
underlying
performance.
F
Page
8
you'll
see
an
exposure
analysis
which
shows
not
only
the
commitments
that
we've
made
to
date,
but
also
what
has
been
invested.
So
what
has
been
called
and
actually
put
into
investments,
you'll
see
that
by
newberger
and
then
you'll
also
see
your
combined
portfolio
with
neuberger
and
legacy
overall.
F
Turning
to
page
nine
is
a
performance
analysis.
The
top
you'll
see
the
gross
performance
laid
out
by
investment
type.
You
can
see
here.
Some
highlights,
which
is
the
co-investments
at
2.35
times,
have
been
a
great
attribute
to
your
performance.
To
date,
primaries
and
secondary
is
also
doing
very
well
primaries,
do
take
more
time
to
develop,
as
they
are
deploying
capital
over
two
three
four
years,
so
you
know,
and
we're
also
continuing
to
make
new
investments
and
new
commitments
to
primary
funds.
F
So
that's
still
developing,
but
a
very
positive
momentum
from
the
co-investments
to
date,
and
then
the
bottom
portion
of
the
page
highlights
the
new
burger
program
and
how
that
is
performing,
as
I
mentioned
earlier-
great
net
performance,
both
in
terms
of
irr
and
tdpi,
and
happy
to
report
that
that
is
putting
the
program
in
the
first
quartile
for
a
2017
vintage
fund.
F
Yes,
I
agree,
thank
you
so,
and
I
I'll
let
me
go
back
one
page
just
to
give
a
little
bit
of
background
here
I
would
say
so.
This
program
has
had
a
five-year
commitment
period
and
typically,
what
we
found
are
peers
that
we're
benchmarking
against
have
a
little
bit
of
a
shorter
investment
period.
There's
nothing
kind
of
different
or
bad
about
that
other
than
to
say
it's
very
positive
that
we're
still
benchmarking
in
the
first
quartile,
given
we're
still
actively
making
investments
that
you
know
come
in
at
one
times.
F
So
I
just
wanted
to
point
that
out
also
kind
of
in
the
in
the
benchmarking
scenario,
and
then
I
won't
spend
any
time
on
these
next
couple
pages,
really
just
a
schedule
of
investments
for
all
the
in
all
programs,
both
the
legacy
and
newberger,
and
you
can
kind
of
see
where
each
investment
is
performing
both
primaries.
Co-Investments
and
secondaries.
C
Hi
casey,
this
is
howard.
Thank
you
for
the
presentation.
Is
there
a
way
for
the
future
to
have
you?
You
had
mentioned
comparisons
to
the
prior
quarter.
Is
there
a
way
to
have
some
sort
of
quick
short
snapshot
of
the
of
that
the
prior
quarter
compared
to
the
current
quarter?
That's
in
the
deck.
E
B
Floyd
we're
going
to
take
a
vote
on
this
floor
slogan.
The
other
questions
for
casey.
B
Thanks
casey,
I
don't
see
laura
on
board.
Is
somebody
else
from
akita
here?
Oh
more,
is
here
I'm
sorry,
hey
laura.
How
long
do
you
think
this
will
take.
G
I
am
going
to
do
my
very
best
to
make
it
very
concise
and-
and
you
know
of
course,
if
there
are
questions
that
run
over,
we
can
come
back
to
it,
but.
G
All
right,
so
let
me
share
my
screen
here.
Jared
is
out
today,
so
I'm
gonna
run
my
own
slides.
Hopefully
you
can
see
that.
C
G
Wonderful,
okay,
great
so
in
terms
of
overall
returns.
This
is
the
makita
private
markets
report,
which
includes
the
legacy
private
equity.
We
also
report
on
the
newberger
vermin
fund
of
one
and
then
the
other
asset
classes
within
private
markets,
which
are
private
debt,
real
estate,
real
assets
and
venture
capital.
Venture
capital
is
too
new
of
a
program
to
have
a
meaningful
irr.
G
But
if
you
take
a
look
on
the
far
right
of
this
slide,
I
think
this
is
maybe
the
only
private
markets
report
I've
at
least
that
I
recall
where
all
of
your
irrs
for
your
programs
are
higher
than
the
public
market
equivalents.
So
definitely,
you
know
good
reason.
I
think
a
good
proof
of
your
efforts
in
private
markets.
G
If
you
look
on
the
far
right
with
the
irrs
for
your
program
versus
the
public
market,
equivalence,
taking
a
look
at
starting
with
the
private
debt
program,
you
can
see
one
new
commitment
to
arbor
lane:
21
million
your
internal
investment
team
has
been
busy
and
makita
collaborating
with
them
on
new
investments
as
you'll
see
throughout
this
report.
This
quarter.
G
So
if
you
look
towards
the
bottom
of
the
slide,
very
very
strong
returns
relative
to
the
peer
irrs
for
these
more
recent
private
debt
investments,
two
new
commitments
in
the
real
assets,
program,
tembo,
capital,
three
and
mountain
capital-
three
and
you
can
see
especially
kim
ridge,
energy,
five,
a
2019
commitment
with
an
irr
47.8,
really
strong
returns.
You
know
starting
to
reflect
the
recent
energy
prices
on
real
estate.
G
You
have
one
new
investment
recently
and
higg
realty
four,
and
you
can
see
a
long
history
of
real
estate,
investing
also
with
quite
strong
returns
for
some
of
the
more
recent
vintages.
G
B
G
So
for
the
overall
retirement
plan
in
terms
of
the
economic
and
market
update,
the
one
thing
I'll
highlight,
I
think
this
page
five
sort
of
says
it
all.
You
can
see
in
2021
all
of
the
bars
on
the
right
side
of
this
line,
meaning
positive
performance
for
the
most
part,
with
only
a
few
asset
classes
negative.
G
And
then,
if
you
look
at
2022
through
april
bloomberg,
commodity
index
was
the
only
positive
major
asset
class
for
the
first
quarter,
with
a
return
of
31,
and
so
it
was
a
tough
quarter
for
those
who
didn't
have
any
any
exposure
to
commodities
or
energy.
But
luckily
you
did
in
terms
of
the
overall
fund.
G
The
total
market
value
fell
from
5
billion
to
4.8
billion.
Given
recent
market
returns,
the
current
allocations
were
quite
close
to
policy
in
terms
of
overall
returns.
You
see
here.
As
of
the
end
of
march,
there
was
still
a
fiscal
year-to-date
return
that
was
positive
and
2.5
percent.
The
quarter
was
down
negative
2.6.
You
know.
G
You
know
you
see
a
mixed
performance
relative
to
the
benchmarks,
but
for
the
most
part
your
managers
protected
value
in
areas
like
u.s
equity,
and
you
can
see
the
private
markets.
Super
strong
returns
here,
positive
for
the
quarter,
with
that
being
a
lag
number
17
for
the
fiscal
year
to
date,
whereas
the
act
we
plus
100
basis
points
was
actually
negative
and
a
one-year
return
of
31.
G
And
if
you
take
out
the
russell
3000,
where
you
hold
some
assets
for
future
commitments,
you
see
a
fiscal
year
to
date,
return
for
private
markets
of
21
and
in
terms
of
fixed
income.
Emerging
market
debt
was
a
bright
spot.
You
have
a
manager
there,
wellington
iguazu,
that
is
a
long
short
structure,
so
really
really
strong
within
the
emerging
market.
G
Debt
universe,
where
most
of
our
clients
who
invest
in
emd,
are
not
thrilled
with
recent
returns,
and
then
you
see
the
low
beta
portfolio
really
protecting
value
and
diversifying
quite
a
bit
relative
to
traditional
equities
and
bonds.
So
the
relative
value
portfolio
market
neutral
strategy
is
up.
Ten
percent
for
the
quarter
and
twelve
point
four
percent
for
the
fiscal
year
to
date
really
doing
what
they're
designed
to
do
and
protecting
value.
G
If
we
take
a
look
at
risk,
adjusted
returns
for
the
one
three
and
five
year
periods
here,
you
can
see
sharp
ratios,
which
are
that
third
box
in
the
top
third
of
the
peer
group,
so
you've
had
for
the
one
year
period.
Standard
deviation
right
on
the
peer
group
and
a
stronger
than
peer
group
return
for
the
three
year
period.
G
You
have
a
standard
deviation
below
that
of
the
peer
group
again
with
a
stronger
return
than
the
peer
group,
so
a
great
20th,
percentile
sharp
ratio
and
then
for
five
years,
strong
numbers
as
well
on
that
front,
and
then
we
have
the
peer
relative
comparisons
here
as
well.
I'm
showing
the
high
recent
ranks
in
the
peer
group
and
asset
allocation
comparisons.
B
Hey
hang
on
a
second
missy,
may
I
see
you
online?
Can
we
run
a
little
over
we're
almost
done
with
this
section?
Is
that
okay,
with
you.
B
Well,
good
thanks:
razimi
go
ahead
and
wrap
it
up,
laura
we'll
get
back
to
you,
mrs
may,
in
about
five
or
ten
minutes:
okay,
good,
laura
jump
in
trustees!
If
you
have
any
questions.
G
So
on
the
healthcare
trust,
as
you
know,
you
have
a
relatively
similar
strategic
asset
allocation
and
underlying
liquid
managers,
so
the
total
assets
as
of
the
end
of
march
for
the
healthcare
trust,
were
273
million,
with
current
allocations
quite
close
to
policy
here,
and
you
see
that
five
percent
is
in
commodities,
which
was
a
good
amount
of
protection,
given
that
you
can't
have
the
private
markets
and
e-liquid
assets
here
to
protect
you
on
the
healthcare
trust,
and
so
in
terms
of
the
total
performance.
G
The
quarter
was
down
3.1,
ranking
quite
highly
in
the
peer
group,
the
fiscal
year
to
date,
as
of
march
31
was
slightly
negative
and
you
can
see
here
peer
group
returns
all
your
return
ranking
in
the
top
third
for
all
trailing
time
periods.
You
know
we.
This
is
a
more
equity
heavy
portfolio
than
a
lot
of
the
peers
and,
as
you
know,
that
that
often
is
not
a
good
thing
in
a
down
market
environment.
G
But
given
the
commodities
exposure
and
some
other
attributes
of
this
plan,
you
can
see
that
the
pure
relative
returns
are
still
quite
strong,
so
commodities
here
of
25
for
the
fiscal
year
period,
core
real
estate
was
also
a
really
bright
spot
up:
19.2
percent
for
the
fiscal
year
and
nine
percent
for
the
quarter.
G
So
you
know
the
way
that
you
are
structured
by
having
some
diversification
outside
of
just
public
equities
and
bonds
has
been
great
on
both
the
pension
and
the
healthcare.
B
B
Well,
yeah
I
mean
these
numbers
are
a
team
effort.
These
are
spectacular
numbers,
so
go
team.
We
are
now
at
10
29.
So
without
further
ado,
let's
go
to
item
3a
alternative
in
a
minute.
E
Yes,
so
we
have
a
court
reporter
president,
but
I
just
wanted
to
make
sure
that
the
court
reporter
miss
ashley,
lolo
ness
is
present.
E
Yes,
my
name
is
lori
anastasia,
okay,
so
metal
court
reporter.
We
are
going
to
begin
our
portion
for
transcription
item
3a,
as
shown
on
the
screen.
Okay,
thank.
B
Will
make
a
a
very
brief
preparatory
marks
and
then
I'll
determine
remaining
tech,
so,
first
of
all
maytag
and
I'm
missy,
may
thanks
so
much.
I
understand
you've
been
back
in
the
kitchen
making
sausage
for
the
last
couple
of
weeks
and
the
board
in
his
closed
session,
8
30
had
a
chance
to
hear
about
your
sausage
making
effort.
So
on
behalf
of
the
board,
I
want
to
thank
both
of
you
for
rolling
up
your
sleeves
and
making
that
sausage.
B
I
think
it's
fair
to
say
in
the
closed
session.
Is
it?
May
we
mostly
just
heard
the
proposal
and
asked
some
questions.
I
actually
don't
know
how
my
my
fellow
trustees
feel
about
the
proposal
we
thought.
May
tech
felt
strong
enough
that
she
and
harvey
recommended-
let's
not
deliberate
here
in
closed
session,
we'll
do
it
all
in
open
session.
It's
over
to
you,
matec.
E
We
do
have
a
court
reporter
president
who's
transcribing
everything,
so
it's
important
not
to
speak
over
one
another
to
the
extent
you
have
comments,
please
utilize
the
hand
raising
option
so
that
we
have
some
some
order
in
turn
for
the
court
reporter's
benefit
here,
and
so,
as
chair
lanza
has
mentioned,
we,
the
and
the
the
council
to
the
parties
have
reached
a
proposed
settlement
deal
that
we
would
like
to
propose
to
the
ch
the
board,
but
before
we
do
that,
we
do
have
a
current
pending
motion
that
was
held
over
from
the
previous
board
meeting
in
may,
which
was
moved
by
lands
and
seconded
by
trustee
santos,
which
we
tabled
on
the
votes
in
discussion,
but
I
unders,
but
on
the
understanding
that
we
have
a
deal,
I
would
turn
it
back
to
the
chair
to
figure
figure
out
what
he
would
like
to
do
with
this
motion.
B
Oh
thanks
so
much
for
maytag,
so,
depending
on
what
dick
the
second
does,
I
feel
like
the
negotiations
you
had
were
absolutely
in
the
spirit
of
motion,
so
I'm
happy
to
withdraw
the
motion
in
favor
of
one
that
deals
with
the
specifics
of
what
you've
negotiated
dick.
Are
you
comfortable
as
the
second
with
drawing
your
second
to
that
motion?.
B
H
Chair
lanza,
mr
santos,
is
not
on
you.
H
C
E
So
currently,
as
I
as
I
mentioned,
missy
may
harvey
and
I
can.
C
C
E
C
Yes,
I
am
so
sorry
they're
having
technical
problems,
hear
me
out
please.
I
second
chairs
withdrawal
of
that
motion.
Great.
E
Okay
with
the
prior
motion
from
the
may
meeting
with
drawn
I'm
here
to
present
the
proposed
deal
that
missy
and
may
and
harvey,
and
I
have
discussed
for
presentation
to
the
board
if
that's
okay
with
you,
mr
may,
yes
I'd
just
like
to.
E
Thank
you,
and
so
for
the
board
and
the
public.
The
deal
terms
that
we
propose
and
recommend
to
this
board
for
settlement
of
this
matter
contains
six
terms,
the
first
term
being
a
10
reduction
of
mr
gallagher's
current
monthly
allowance
in
the
amount
of
640.37
cents
per
month
commencing
on
october
october
of
this
year,
term
two
would
be
no
clawback
or
repayment
of
any
past
year's
allowances.
E
E
E
Back
to
you,
sherlonza.
C
I
believe
that
is
the
the
agreement.
We
went
back
and
forth
a
little
while,
and
mr
gallagher
accepted
these
terms.
H
B
E
If
you
seek
to
adopt
this,
yes.
C
If
I
may
just
add
to
that,
mr
chairman,
that
the
motion
appropriately
would
include
direction
and
authorization
to
the
ceo.
B
To
execute
the
settlement
agreement
consistent
with
these
terms,
on
behalf
of
the
board
great
and
and
then
the
third
thing
there
may
take
two
is,
I
remember
you
said
earlier
that
you
had
more
work
to
do
with
ms
eaton
may.
To
lock
this
down.
Is
that
right.
B
B
On
behalf
of
the
board
great
as
amended
for
harvey,
that's
that's
the
motion.
Do
I
have
a
second.
B
Great
the
motion
by
lansing
by
santos
in
the
closed
session,
we
went
around
the
table
in
alphabet
border,
so
let's
go
ahead
and
do
it
in
reverse
alphabetical
order.
So
this
first
round,
let's
trustee's
comments
or
questions,
maybe
because
we
have
ms
eaton
main
questions
for
her.
If
you
want
to
then
after
that,
we'll
ask
staff
counsel
to
jump
in
then
move
to
the
public
and
then
we'll
come
back
and
do
that
same
order
and
take
a
vote.
So,
let's
see
reverse
order,
dave
any
comments
or
questions.
C
No
comments,
no
questions.
Thank
you.
C
B
That's
great
ashfar
any
comments
or
questions
no
comments
and
questions.
Thank
you
drew
any
comments
or
questions.
B
B
I
am
next
in
the
alphabetical
one
I'll
make
two
quick
comments
for
for
members
of
of
of
the
union
and
so
on
for
the
record,
if
you're,
just
an
email,
we
tried
very
very
hard.
I
know
ms
eaton
may
and
may
tech
worked
on
this
to
not
touch
the
pension
payments
but
to
reach
a
side
agreement
with
mr
gallagher,
where
we
had
some
penalty
imposed
on
him,
but
it
would
be
after
he
received
his
whole
pension
check
that
didn't
work
out,
and
we
thank
you,
mr
gallagher
mizi
may
for
and
maytag
for
trying.
B
So
I
want
to
mention
to
know
that
this
board
took
very
seriously
very
seriously
that
we're
going
to
touch
a
pension
payment,
and
the
second
comment
I
make
is:
how
do
we
I'd
sort
of
propose
10
percent?
How
do
we
settle
on
it?
Let
me
first
issue
an
apology.
You,
mr
gallagher,
I
use
the
word
tithe
and
I
realize
now
that
that
has
certain
religious
implications
and
you're
correct
that
it
does
so,
let's
use
a
different
word.
I
I
told
last
month
that
I
picked
10
because
it
shows
up
in
ancient
history.
B
Let's
use
the
ancient
assyrian
word
for
it's
called
nunes
and
that
word
is
5000
years
old
and
predates
the
israelites
writing
of
the
old
testament,
and
so
there's
this
historic
notion
going
back.
It
actually
shows
up
in
some
of
the
mesoamerican
cultures
of
attacks,
a
tie
that
becomes
in
the
bible
and
is
read
to
in
the
ancient
syrian
empire.
Ten
percent
shows
up
in
the
early
sister
man
as
kind
of
a
reasonable
tax
or
relationship
between
government
and
the
individual,
and
that's
how
I
kind
of
came
up
with
ten
percent.
B
It
is
some
extent
an
arbitrary
number.
I
wish
I
could
tell
you.
We
had
some
complicated
formula
or
lengthy
deliberations
on
that
amount,
but
we
didn't
so
that's
it.
For
me,.
C
Sorry
can
I
say
something:
this
is
howard.
I
I.
C
B
A
good
point:
we're
not
used
to
doing
this
and
we're
learning
as
we
go
on.
I
guess
something
we
learned
david,
any
questions
or
comments.
C
Just
one
quick
comment:
I
guess
I
would
say
that
this
it's
been
a
great
learning
process
to
understand
the
authority
delegated
to
us
by
the
city
and
we're
very
grateful
to
have
terrific
attorneys
to
help
us
guide
the
various
considerations
which
were
quite
significant
in
coming
up
with
this
proposal.
B
Would
still
use
comments,
thank
you
harvey
maytag
and
especially
mizid
may
for
walking
us
through
this
mine
field
with
our
legs
intact,
andrew
any
questions
or
comments.
B
Staff,
roberto
harvey
mazzeet
may
any
comments
from
any
of
you
about
anything.
We
just
said.
B
Thanks
maytag
harvey
mizzee
may
we're
good.
C
B
Great
thanks
ray,
I
guess,
we're
ready
to
vote
right,
maytag
anything
else.
We
need
to
do
for
record,
keeping
or
bookkeeping.
E
Missing,
may
you
have
no
further
comments.
Is
that
correct,
no
further
comments
at
this
time,
no
other
hand
with
the
public
for
public
comments?
So,
yes,.
B
Again,
on
behalf
of
the
board
maytag
and
ms
eaton
may,
thank
you
so
much.
I
know
how
hard
you've
worked
on
this
and
what
was
a
kind
of
a
frightening
process
for
this
board
has
been
made
very
palatable
by
both
of
you
and
really
sincerest
thanks
from
the
board
for
this
and
you
too,
mr
gallagher.
I
know
this
is
painful
for
you,
but
thank
you
for
making
this
easier
than
it
might
have
otherwise
been.
So
I
guess
right,
take
a
vote.
So,
let's
go
in
reverse
alpha
order
dave.
How
do
you
vote?
B
B
Well,
missy
and
maytag:
that's
as
good
a
testament
to
your
capabilities
as
y'all
forget.
If
you
asked
me
two
a
month
ago
to
vote
to
go
to
vegas
in
bed,
I
wouldn't
have
bet
this
would
have
been
unanimous,
so
the
proof
of
the
pudding
is
in
the
evening
and
it
tasted
very
delicious.
B
B
Yeah
really
maytag
superbly
done
you
two
rv.
Thank
you,
as
always
for
making
our
jobs
fun
and
interesting
over
to
you,
robert
oral
update.
C
Did
you
need
this
transcript?
Yes,
yes,.
D
Thank
you,
mr
chair,
so
I'll
be
quick.
I
on
my
comments.
The
remaining
medicare
part
b,
reimbursements
for
2021,
were
processed
in
may
with
the
may
payroll,
so
they
should
have
been
received
by
now
and
staying
with
medicare.
I
wanted
to
announce
that
we
will
be
offering
quarterly
medicare
education
seminars
in
partnership
with
kaiser
starting
in
august.
D
D
It
is
challenging
to
learn
the
medicare
process
and
signing
so
medicare
is
very
confusing,
and
so
we're
really
excited
about
offering
this
opportunity
for
education
in
the
enrollment
process.
For
our
retirees
we
will
start
with
those
members
that
are
close
to
65,
but
as
we
move
forward
with
this
process,
we'll
be
reaching
out
to
our
social
media
to
other
members
that
are
not
close
to
65,
but
still
feel
they
could
benefit
from
social
education,
so
kudos
to
the
staff
for
working
this
out.
Thank
you.
D
D
You
also
know
by
now
that
the
our
office
continue
working
a
hybrid
schedule
about
a
couple
of
days
at
the
office
by
staff,
the
office.
It
is
open
between
nine
and
three
or
four
o'clock,
and
but
we
do
encourage
members
to,
although
they
are
welcome
to
stop
by
the
office.
We
do
encourage
them
to
make
appointments
to
visit
our
offices
and
again
just
a
reminder
that
masks
are
required.
D
The
office
is
also
we're
planning
on
having
an
actual
for
the
first
time
in
over
two
years.
A
summer
picnic
in
the
outside
at
a
park
in
willow.
Glen
is
currently
scheduled
for
not
tomorrow,
but
next
friday.
The
10th,
in
addition,
wanted
to
let
you
know
that
the
office
will
be
closed
on
monday
june
20th
in
observance
of
the
june
19
united
newly
instituted
holiday
by
the
city
of
san
jose,
and
also
on
the
july
4th.
D
You
know
servants
of
independence
day,
and
I
also
wanted
to
let
you
know
we
are
going
to
be
conducting
interviews
for
the
accounting
clerk
position
later
this
month.
And
lastly,
since
we
have
staff
and
trustees
that
have
picking
up
some
traveling
lately
after
covet,
we
wanted
to
remind
everyone
that
to
please
reach
out
to
the
military
staff
whenever
you
plan
on
traveling
on
behalf
of
the
plan,
so
the
staff
can
make
all
arrangements
for
your
trouble,
including,
if
you're
attending
a
conference
and
registration,
hotel,
accommodation,
plane,
tickets
and
everything
else.
I
C
I
That
cold,
that's
going
around,
that's
really
affecting
everybody
almost
as
badly
as
covet
is
affecting
people.
So
I
just
have
a
couple
things
we
are
in
the
middle
of
budget
session.
We
were
required
to
submit
our
budget
documents
last
friday
to
the
city
and
or
to
the
mayor,
and
those
budget
documents
are
actually
related
to
our
the
essential
services
money
that
is
allocated
for
council
offices,
but
the
mayor.
I
We
have
to
make
an
argument
to
the
mayor
as
to
what
we'd
like
funded
and
we've
done-
that
now
we're
just
waiting
to
hear
back
from
the
mayor
as
to
whether
he's
going
to
support
the
things
that
we've
requested
of
him
or
not,
and
that's
a
collective
we
but,
of
course
district
9.
My
district.
We
have
our
own
special
ass,
one
of
the
things
I
did
put
in,
for
which
was
actually
rejected.
I
I
I
submitted
it
late,
but
it
affects
the
retirement
board
and
that
was
the
retirement,
firefighters
and
police
officers.
Retirement
association
came
to
us
regarding
mental
health
and
extending
mental
health
to
retirees
we
submitted
a
budget
document
on
friday
requesting
funding
for
that,
but
it
was
rejected
based
on
a
couple
of
things,
one
we
were
late
in
our
submission.
That's
that's
on
us.
We
tried
to
get
it
in
anyway
and
say
oops
sorry.
I
We
meant
to
send
this
earlier
and
forgot
to
send
it,
but
they
didn't
accept
that
as
an
argument
with
us,
but
we
are
looking
to
bid
our
mental
health
program
already
and
we're
in
an
rfp
with
looking
for
a
provider
at
the
city
level
and
hoping
to
take
a
look
at
including
the
retirees
too.
Currently,
retirees
do
benefit
from
kaiser
program.
There
are
accessibility
to
mental
health
programs
there,
although
it
is
a
limited
experience
and
opportunity
through
kaiser.
So
I
just
I
wanted
you
to
know
that
that
was
still
something
that
is
a
priority.
I
It
is
expensive
because
we
have
to
cover
all
employees
and
all
retirees
too
and
that's
even
though
many
will
will
not
utilize
it
or
benefit
from
it.
We
have
to
or
take
advantage
of
it.
I
should
say
we
have
to
pay
for
everyone,
so
that's
a
huge
budget.
Ask
and
I'll
give
you
more
information
as
we
get
the
responses
back
to
bidding
out
the
new
process.
I
Aside
from
that,
we
are
facing
a
surplus
this
year
and
projected
surplus
in
our
budget
for
the
next
five
years.
I
am
cautiously
optimistic,
as
I
just
heard,
a
economic
update
just
a
few
a
little
while
ago,
with
chris
thornberg
who's
concerned
about
recession
and
and
other
things,
and
particularly
housing
and
the
market
and
employment.
I
So
we
have
to
watch
recession
and
inflation
and
of
course
I
know
you're
watching
that
very
closely
as
well.
The
emphasis
at
the
budget
mayor's
budget
is
affordable,
housing,
homelessness,
blight
and,
of
course,
public
safety.
Public
safety
always
rises
to
the
top,
and
it
has
in
my
three
years
on
council,
I'm
in
my
fourth
year
now
and
every
year.
I
That
is
a
critical
concern
to
our
residents
and
to
me
as
well,
so
we're
making
sure
that
we
I've
always
voted
to
fully
fund
the
police
department
and
fire
and
we're
looking
at
ways
to
fund
both
fully
so
that
we
have
our
fire
department,
especially
our
new
fire
stations
that
are
being
opened
fully
funded
along
with
increased
foot
and
foot
patrol.
I
B
D
Chair
your
opinion,
I
I
don't
have
any
questions,
pam
good,
to
see
you,
but
thank
you
for
providing
some
background
on
the
budget
process
by
the
city
which
invited
me.
I
I
failed
to
update
the
board
on
the
budget
and
I
wanted
to
let
the
board
know
that
we
actually,
as
appointees
to
the
to
the
city,
actually
met
with
the
council
on
may
13..
D
They
had
some
very
straightforward
questions,
but
in
general
they
didn't
have
any
concerns
with
the
budget,
as
was
approved
by
your
boards
and
put
forward
to
the
city
council.
In
fact,
the
manager's
budget
addendum
for
the
office
retirement
services
was
actually
issued.
Last
may
18th
and
I
think,
as
council
member
foley
indicated
the
bo
the
city
going
through
the
process,
but
I
believe
council
member,
if
I'm
mistaken,
please
correct
me.
The
city
is
looking
to
approve
the
budget
at
the
june.
14Th
meeting
is
that
is
that
right.
I
D
Correct
so
my
point
being
that
at
this
point
I
will
foresee
the
city
approving
their
budget,
which
includes
our
request
that
was
brought
forward
to
both
boards
straightforward
last
march.
So
with
that.
That
concludes
my
comments,
mr
chair,
and
again,
thank
you
cousin
member
for
reminding
me
to
speak
to
the
board
about
the
budget.
I
Yeah
happy
to
be
here
and,
and
thank
you
for
reminding
roberto
everybody
about
the
masks
it
is,
everyone
seems
to
be
getting
either
infected
with
covet
or
cold,
and
so
the
masks
prevent
cold
from
being
transmitted
too
and
I'll
tell
you
if
you
don't
have
the
cold
or
you
haven't
been
around
anyone
with
the
cold.
It
really
is
it
really
knocks
you
off,
and
I
five
days
and
counting
for
cold
is
a
long
time
for
me.
So.
B
D
H
Medlink
is
one
of
the
two
vendors
used
to
perform
those
independent
medical
examinations
for
the
police
and
fire
disability
retirement
applicants.
There's
actually
another
item
item
4d
on
today's
agenda
and
that's
also
seeking
a
similar
action
for
the
other
ime
vendor,
which
is
exam
works,
so
med
link
rates.
They
have
not
increased
since
the
onset
of
the
contract
and
there
was
negotiated
in
march
2016.
H
The
current
meddling
contract
authorizes
ima
rates
of
500
per
hour
for
files
over
two
inches
of
records,
which
is
the
typical
billing
we
have
used
for
for
our
files,
but
recently
medlink
revised
their
rate
schedule
and
the
rates
are
now
based
on
rate
sheets
for
individual
doctors,
as
opposed
to
the
size
of
the
file
and
the
rates
range
now
from
650
per
hour
to
850
per
hour.
H
And
so
we
are
asking
for
approval
to
negotiate
that
maximum
rate
up
to
850.
To
ensure
we
have
a
good
network
of
imes
to
provide
available
services.
C
C
Barbara,
these
are
rather
significant
increases.
Do
we
know
whether
these
are
the
actual
rates
that
they
are
receiving
from
comparable
clients,
and
you
know
not
that
these
may
be
their
retail
rates,
but
do
we
have
an
mfn
provision
or
something
that
would
treat
us
as
favorably.
H
As
their
most
favorable
other
clients,
I
would
need
to
read
through
the
contract.
I'm
not
sure
if
that
clause
is
within
it.
C
D
Now,
as
I
know,
and
if
I
misspeak
here
please
correct
me,
barbara
or
sandra
it's
a
range
of
250,
not
all
the
doctors
charge
say
50..
Doesn't
this
also
allow
us
to
provide
some?
I
don't
know
if
it's
psych
reviews
everything
else
that
we
didn't
have,
I'm
not
sure.
If
I'm
explaining
that
correctly,
is
that
how
it
works,
it's
not
that
all
of
them
cost
a
50.
This
will
allow
us
also
access
to
other
doctors
that
we
didn't
have
access
before.
Is
that
correct.
C
D
So
I
believe
rhys
smith,
mr
litterman
council,
actually
work
on
the
original
agreement
and
I
I
don't
recall
and
we'll
have
to
read
the
agreement.
If
we
have
that
stipulation
we
certainly
we
certainly
can
go
bass
and
ask
them
what
I
would
like
to
propose.
D
If
the
boy
is
amenable
to
it
is
to
approve
the
request
and
concept
with
understanding
that
we
will,
if
he's
not
in
the
agreement,
we
will
go
back
and
and
raise
that
issue
with
them.
But
again
they
have
not
raised
the
the
rates
in
about
six
years
and
they
do
do
a
lot
of
work
for
us.
Just
like
sam
works
in
the
next
agenda
item,
and
we
would
like
to
continue
doing
business
with
them
so
to
the
extent
possible.
D
F
Sure
how
the
rates
work
between
medley.
C
H
F
C
And
negotiate
lower
rates
with
the
not
doctors
were
not
successful,
so
we
we
did
attempt
to
to
to
reduce
those
rates,
but
we
just
could
not.
B
B
C
To
negotiate
individual
by
individual
doctor
as
opposed
to
deal
negotiating
with
them,
and
they
work
it
out
with
their
doctors,
so
that
puts
us
at
a
considerable
disadvantage.
I
just
wanted,
on
behalf
of
the
board,
to
make
sure
that
we
explored
the
best
pricing
before
simply
accepting
what
they
consider
to
be
their
rap
rates.
B
I
will
go
ahead
and
move
that
we
approve
this.
Is
there
a
second.
B
Let's
go
around
andrew
sunita
hi
david.
B
Great
I'm
chair
lanza,
I
vote
I
as
well
keep
going
there's
three
of
these
right
in
a
row.
H
Okay,
so
now
I
this
memo
for
d
is
for
exam
works
so
similar
to
the
prior
item.
This
memo
is
seeking
approval
for
the
ceo
to
negotiate
and
execute
an
amendment
to
the
agreement
with
exam
works
and
who
provide
independent
medical
examinations
for
disability
retirement
applications
to
amend
the
rates
from
700
per
hour
to
a
maximum
of
850
per
hour.
B
D
D
We
will
push
back
and
ask
questions,
and
and
when
we
come
before
you,
we
feel
pretty
comfortable
that
we've
done
the
necessary
due
diligence.
D
But
but
that
said,
I
think
the
statement
about
the
the
agreement
and
whether
we
have
that
particular
requirement
so
that
we
are
given
the
same
rates
or
the
best
rates
as
again
our
peers
across
the
state.
Certainly,
we
will
look
into
that
because,
obviously,
if
we
could
get
away
with
paying
less,
we
would
certainly
do
that,
but
I
just
wanted
to
make
that
side
point
right,
because
I
don't
want
the
public
to
believe
that
vendors
will
dictate
how
much
we
pay
and
that's
exactly
what
we
do.
That's
not
how
it
works.
C
Yeah,
it
was,
but
I
have
a
question
it
was
for
the
next
one,
not
this
one.
Thanks.
B
Okay,
that's
great
any
more
questions.
B
Okay,
I
guess
I
made
the
motion
motion
from
atlanta
second
by
santos,
andrew
hi,
amita
hi,.
H
H
So
earlier
this
year
the
board
authorized
the
ceo
to
negotiate
and
execute
an
agreement
with
work,
health
solutions.
They
provide
board
medical
services.
H
The
agreement
was
not
to
exceed
a
hundred
thousand
and
to
provide
disability,
medical
evaluations,
and
the
initial
term
of
the
agreement
was
for
a
period
of
november
22nd
2021
through
to
june
30th
2022.,
so
work
health
solutions
have
commenced.
Reviews
of
some
disability
files,
they've
scheduled
a
number
of
imei
appointments
and
they're
waiting
for
the
remaining
appointments
to
be
made
with
doctors,
and
now
that
we've
got
an
increase
in
those
rates,
we
may
be
able
to
accelerate
those
appointments
and
the
current
term
of
the
contract.
H
As
I've
said,
it
does
end
on
june
30th
2022,
at
which
time
work,
health
solutions
will
have
provided
only
five
months
of
disability.
Medical
evaluation,
work,
which
is
short
of
the
12
months,
which
had
been
initially
intended
so
per
the
terms
of
the
contract
or
s,
is,
will
be
able
to
continue
their
agreement
on
a
month-to-month
basis
and
that's
accommodated
in
the
current
contract.
H
But
currently
no
additional
compensation
is
needed
beyond
the
initial
100
000
and
and
because
the
agreement
is
continuing.
We're
now
requesting
that
to
authorize
the
expenditure
of
the
funds
for
work,
health
solutions
after
june
30th
2022.
B
This
is
dr
raj
das,
company,
right,
barbara,
that's
correct
and,
and
for
those
who
remember
dr
doss
was
our
guy.
God's
friend
joined
the
board
10
11
years
ago,
and
then
he
stopped
and
and
now
he's
back
he's
open
any
questions.
Howard,
you
had
a
question
on
this
one.
C
Yeah,
just
one
question:
barbara:
the:
if
it's
month-to-month
what's
is
there
a
longer-term
plan
beyond
that.
H
Yeah
we
we
do
want
to
just
have
a
little
bit
of
extra
time
to
to
assess
how
they're
they're
going
to,
because
we've
only
seen
you
know
just
a
minimum
amount
of
board
medical
reports
and
in
fact,
they've
only
just
really
started
to
build
their
momentum.
H
So
we'd
say
in
another
six
months,
we'll
reassess
and
decide
what
what
our
longer
term
solution
is
going
to
be.
And
if
we're
going
to
extend
the
agreement
for
another
year.
C
H
E
Yes,
if
I
may,
the
previous
motion
was
limited
to
the
the
term
expiring
on
june
of
this
of
this
year
and
limited
to
a
certain
amount
authorized.
So
if
we
go
month
to
month,
we
will
have
exceeded
the
amount
that
was
authorized.
D
I'm
sorry
maytag,
I'm
a
little
confused.
I
think
we,
the
board,
approved
budget
funds
every
fiscal
year.
D
We
have
projects
approved
to
be
used
for
these
services
for
the
fiscal
year
coming
up,
so
I
feel
confident
that
we
have
enough
funds
to
spend
the
real
reason
we
brought
this
item
for
council
was
because,
even
though
it's
part
of
the
agreement
that
we
have
the
ability
to
go
month
to
month,
we
wanted
to
explain
to
the
board
our
rationale
for
using
that
option,
because
we
haven't
had
enough
experience
working
with
them
and
we
want
to
make
sure
that
we
have
enough
experience
working
with
them.
D
We're
comfortable
before
we
decide
whether
to
come
forward
to
your
board
with
the
recommendation
to
accept
the
contract.
But
we
wanted
to
give
you
board
the
chance,
because
if
your
board
came
back
and
told
us
no,
we
don't
want
to
extend
this
month
to
month.
That's
it!
Then
we
needed
to
hear
that
from
your
board
is
that
the
the
contract
is
not
clear,
whether
that's
a
call
by
staff
or
the
board.
So
that's
why
this
is
before
you,
but
in
terms
of
the
actual
budget,
I'm
not
sure
I
guess
I'm
like.
E
That's
not
what
my
comment
was.
I
understand
it's
currently
within
the
budget
as
we
budgeted
it,
but
I,
as
I
understood,
barbara's
comments.
Our
previous
motion
that
we
approved
had
a
limited
set
of
funds
that
set
to
expire
with
the
term.
D
But
the
team
is
not
expiring
because
we're
extending
it
month
to
month
and
we
haven't
used
all
the
funds.
I
think
that's
I
mean
maybe
semantics.
It
may
be
a
legal
issue.
You
may
be
correct
legally,
but
the
way
I
read
it,
we
haven't
used
the
funds
and
the
term
has
an
expo
it's
june
30th
or
if
we
want
to
extend
the
month
to
month,
and
so
since
we're
extending
it
and
we
still
have
plenty
of
funds,
we
didn't
think
that
we
needed
a
new
approval
of
funds,
but
well.
H
C
D
E
Could
you
read
back
the
motion
that
was
approved
the
original
agreements,
because
I
think
you're
right,
mr
pena,
that
it
may
be
a
matter
of
semantics?
But
I
do
want
to
make
sure
that
we
have
a
clean
record.
H
The
board
authorized
the
ceo
to
negotiate
and
execute
an
agreement
with
work,
health
solutions
not
to
exceed
100
000
to
provide
disability,
medical
evaluation
services.
The
initial
term
of
the
agreement
was
for
the
period
well
that
wasn't
what
they
approved.
Okay,
I
need
to
go
back
to
the
original
memo
to
see
what
the
the
wording
was,
or
maybe
it's
in
my
memory.
B
Well,
it
doesn't
hurt
harvey
to
reaffirm
the
motion
right
right,
so
let
me
think
about,
let
me
think
about
so
I
move
that
we
reaffirm
to
continue
with
them
and
if,
in
fact,
the
original
motion
does
not
say
that
all
right,
sorry.
B
B
So
I
move
that
we
reauthorize
this
within
the
existing
budget
framework.
How
about
that.
B
All
right
good
enough
for
me,
andrew
hi,
junita,
hi,
david.
B
D
H
B
All
right
so
item
4f,
so
it's
coming
up
on
june,
it's
time
to
kick
off
the
performance
review
process.
So
let's
take
a
step
back
and
and
and
take
a
look
where
we're
in
space
and
time.
B
So
when
I
joined
this
board
10
years
ago,
roberto
and
peru,
their
their
predecessors
worked
for
the
city
and
we
didn't
have
any
stay
in
their
compensation
and
then
vince
and
I
rolled
up
our
sleeves
and
and
and
working
with
the
vert
john
harvey.
We
drove
measure
g
where
we
do
have
a
say
in
their
performance
reviews
and
their
compensation,
but
the
city
I
think,
was
wise,
went
round
around
on
this.
B
When
we
did
measure
g,
they
put
training
wheels
on
so
that
we
propose
what
we
want
to
see
and
then
the
city
says
yay
or
nay.
You
know
that
system
actually
has
worked
out
very
well
jennifer
shembrey,
we've
known
I
got.
I
met
jennifer
first
year.
I
was
on
the
board
and
cheryl
parkman.
You
know
they.
They,
I
think,
show
us
a
lot
of
deference
and
help
us
get
that
past
city
council.
B
So
if
you
asked
me
three
years
ago,
I'd
have
said
that
about
now
we
would
be
trying
to
gain
full
autonomy
and
in
fact,
this
effort
to
improve
our
performance
review
process
was
aimed
at
that,
but
I'm
guessing
now
and
based
on
conversations
I've
had
with
roone
roberto,
that's
probably
no
longer
our
goal.
Our
goal
probably
now
is
to
continue
to
have
the
city
review
and
approve
or
disapprove
of
these
increases.
B
We
want,
but
to
add
an
incentive
compensation
component,
which
peru
is
now
working
on
with
the
joint
drum
personnel
committee
and
and
the
city
would
have
approval
or
disapproval
over
that,
and
this
is
a
work
in
progress.
So
you
should
hear
about
that
in
a
couple
of
months
when
the
consultants
weigh
in
and
jpc
has
had
a
chance
to
be
briefed
by
peru
and
the
consultants.
B
So
now,
let's
go
back
down
to
ground
level,
so
we
launched
this
effort
two
or
three
years
ago
to
really
improve
our
performance
review
process
and
we
took
best
practices
from
industry
and
now
this
year
we're
going
to
fire
it
up.
For
the
first
time
we've
been
working
closely,
the
joint
personnel
committee
has
with
cortex
to
do
this.
B
Now,
I'm
not
the
chair
of
the
joint
personnel
committee,
but
eshwar,
and
I
I
do
the
performance
review
of
roberto
and
sr
drives
the
performance
review
of
prabhu
because
he
chairs
the
investment
committee,
so
esther
and
I
will
be
driving
this
process.
So
I'm
doing
this
presentation
rather
than
the
chair
of
the
joint
personnel
committee,
because
we're
bad
now,
actually
the
judge
personal
committee
to
tell
you
what
the
process
is.
I'm
about
to
tell
you
we're
going
to
do
the
process
so
in
the
next
week
or
two
you're
going
to
receive
an
email.
B
Every
trustee
from
walter
viola
of
cortex
he's
the
new
tom
junichi
and
the
jpc
is
the
morgan,
close
vaulter,
and
so
we're
going
to
step
up
our
game
in
the
furniture
process,
and
there
are
essentially
two
elements
to
that
step
up,
and
this
is
by
the
way
industry
best
practice
when
you
get
to
a
certain
size.
It's
not
just
the
boss
that
reviews
the
employee,
the
trustees
reviewing
roberto.
B
So
before
you
remember,
we
would
meet
in
the
conference
room
the
city
council
conference
room
and
they
would
go
to
whiteboard
and
everybody
give
their
input
on
on
john
peru's
performance.
B
Now
we're
going
to
gather
it
more
formally
from
all
of
you
we're
going
to
fill
out
an
online
survey
because
between
nine
of
us
putting
input
and
the
peer
review
stuff
and
lots
of
other
stuff,
this
is
a
big
process,
so
we're
gonna
do
that.
This
month
then
july,
it's
gonna
take
vaulter
like
a
month
to
put
all
together
for
both
us
and
federated,
and
then
the
board
will
have
a
chance
to
meet
in
closed
session
to
review
all
this
in
august.
B
So
there's
no
vote
here.
I
just
want
to
warn
you
to
look
for
an
email
from
walter
viola.
I'm
gonna
you'll
hear
me
clicking
away,
I'm
sending
me
an
email
right
now.
Let
me
know
federated
kicked
this
off
at
their
board
meeting
two
weeks
ago,
so
it's
the
first
time
we're
doing
the
process.
B
Maybe
a
bit
clunky
right.
Whatever
you
see,
you
don't
like,
send,
send
an
email
back
to
walter
right
say
that
question
was
ambiguous,
or
this
was
too
ponderous.
We've
run
this
before.
I
think
it
is
a
bit
too
big,
but
we've
talked
to
the
jpc.
I
think
better
start
with
something
a
bit
big
and
ponderous
and
scale
it
down.
Rather
than
start
by
just
asking
one
big
question:
that's
scaled
up
any
questions
on
that
for
many
of
the.
B
C
Hello
go
ahead,
yeah
now
as
a
newest
member
of
the
board,
I'd
like
to
hopefully
before
the
survey
comes
I'll,
have
a
good
chance,
have
a
chance
to
meet
roberto
and
peru.
C
B
D
E
We'll
have
onboarding
training
at
a
later
date.
D
B
Be
fun
to
meet
you
in
person
I'll
look
forward
to
it.
Thank
you,
okay,
maytag!
It's
the
time
for
the
maytag
show.
E
So,
item
on
to
item
4g,
currently
the
governor's
proclamation
for
the
state
of
emergency
due
to
the
copen
19
pandemic,
remains
intact,
and
the
city
council
has
just
renewed
its
resolution
to
recommend
social
distancing
in
city
facilities
based
on
those
two
factual
findings.
This
board
may
continue
to
meet
for
the
next
30
days,
virtually
if
it
so
approves
those
two
factual
findings.
Now.
E
One
comment
that
I
would
like
to
make
is
that
there's
a
lot
of
suspicion
that
the
governor
will
lift
his
proclamation
in
the
month
of
july,
and
so
that
remains
to
be
seen.
I
don't
know
if
that's
true
or
not,
because
I
haven't
spoken
to
the
governor
myself,
but
currently
with
the
up,
even
with
the
uptick.
That's
that's
the
rumors
that
are
going
around
currently.
E
Well,
this
this
board
doesn't
meet
in
the
month
of
july,
and
so,
if
they
do
not
either
a
renew
their
factual
findings
in
the
month
of
july
and
the
proclamation
is
still
intact
or
two
that
the
proclamation
is
removed
before
you
guys
meet
to
renew
these,
then
it's
very
likely
that
we
will
meet
again
in
person
as
per
usual
in
august.
B
D
Month
we
so
there's
a
couple
of
challenges.
Mr
chair
in
prabhu,
and
I
I'll
I'll
defer
to
prabhu
he's
been
thinking
about
scheduling
some
sort
of
a
special
investment
committee
meeting.
We
do
have
some
committee
meetings,
possibly
scheduled
for
the
june
16
after
the
fed
meeting,
but
you
know
the
challenge
here
is
twofold.
D
I
think,
as
council
chain
indicated,
we
don't
know
if
this
is
going
to
be
this.
This
option
is
going
to
be
available
in
the
next
60
days,
but
even
if
it
is,
you
will
then
have
to
if
not
through
a
some
sort
of
a
committee
meeting
where
you
get
enough
of
your
board
members
to
have
a
special
meeting.
You
will
have
to
schedule
the
meeting
of
your
board
no
later
than
july
1st
to
approve
a
b
361
and
then
again
by
august
first,
so
actually.
D
30
days,
which
is
which
is
before
your
august
4th
meeting,
so
you
will
have
to
have
two
special
meetings
just
so
you
could
have
your
meeting
in
august
virtually
that's
assuming
that
that's
still
an
option
right-
and
I
don't
know
the
answer
to
that.
But
I
haven't
seen
any
movement
lately.
I
don't
know
if
you
can
offer
some
some
input
on
that
maytag,
but
you
have
her
or
harvey
from
from
sacramento
on
that.
E
No-
and
it
may
mention
that
you
know,
generally
speaking,
these
factual
findings
exist
and
if
the
board
so
elects
to
choose
to
elect
to
use
them
for
the
next
30
days,
they
may
do
so,
but
it
also
may
decline
to
renew
their
factual
findings
and
we
would
just
go.
You
know,
get
more
certainty
about
the
august
date.
B
E
Well,
if
you
make
the
factual
finding
elections,
it
entitles
you.
It
allows
you
to
meet
virtually
without
defaulting
to
the
traditional
brown
act
rules,
but.
B
So
maytag,
so
I'm
guessing
so
then
sorry
board.
This
is
kind
of
confusing,
but
I
think
about
it
so
maytag
we
should
go
and
do
ab361
then
for
the
board
now
and
then
at
the
end
of
this
meeting
for
all
the
committees
right.
That's.
B
E
B
B
By
council,
provided
with
our
board
backup
materials,
it
appears
that
the
following
factual
findings
justify
the
continuation
of
virtual
meetings
under
ab3600,
and
the
two
factual
findings
are.
The
governor's
proclamation
of
state
emergency
continues
due
to
the
ongoing
coveted
pandemic,
as
may
tech
said,
and
as
pam
pointed
out,
san
diego
council's
recent
resolution
continues
to
impose
a
recommended
measure
to
promote
social,
distancing
and
city
facilities.
Therefore,
I
will
make
the
motion
that
we
adopt
these
two
factual
findings
for
the
election
to
use
ab361's
abbreviated,
teleconferencing
procedure
for
the
next
30
days
for
the
board.
C
B
Santos,
a
motion
by
lanza
second
by
santos,
andrew
hi,
unita.
B
Hi,
I'm
sure
lanza,
would
I
so
just
for
the
record.
So
I
was
I
was
confused
and
thank
you
for
correcting
me
rudolph
on
it
and
and
harvey
and
maytag.
I
forgot
that
ab361
laps
at
the
end
of
30
days,
so
the
fact
we
don't
meet
in
july
doesn't
mean
we
get
a
free
pass
right.
So,
at
the
end
of
this
meeting
attack
we
will
do
av
361
for
every
committee,
as
we
always
have
right,
correct.
C
D
No,
no
just
that
we're
clear,
and
for
so
that
we
all
are
thinking
the
same
way
and
for
clarification
for
staff.
D
If,
if
this
board,
if
the
the
covey
cases
continue
to
the
same
opportunity
increase
and
the
board
is
willingness
is
to
continue
meeting
virtually
in
august
and
it's
still
an
option,
I
just
want
to
make
it
clear-
and
this
is
also
for
staff-
we're
going
to
have
to
be
reaching
out
to
all
of
you
to
schedule
special
meetings,
one
in
june
and
one
in
july,
just
so
that
you
can
approve
ab361
so
that
you
can
actually
have
your
august
4th
meeting
virtually.
D
I
just
want
to
make
sure
that
we
are
clear
on
that
and
for
staff.
If
you
have
any
questions,
you
may
want
to
ask
him
now,
but
we
had
we're
going
to
have
to
keep
track
of
it
and
make
sure
that
we
can
schedule
such
meetings,
so
that
august
force
it's
a
possibility.
Assuming
is
it
an
option.
D
B
I
D
Me
be
quick
and
again,
it
will
be
led
by
our
council
may
take
chin
on
the
ab361,
but
I
just
want
all
of
you
to
be
aware.
We
don't
have
to
have
a
full
board.
We
just
have
to
have
a
quote
of
your
board
and
then
a
quote
for
the
committees.
D
B
Yeah,
so
I
guess
I
guess
the
advice
is
to
staff
is
go
and
get
them
on
the
calendar.
We've
made
the
decision
one
one
in
29
days
in
june,
29
days
after
that
july,
sound
right.
E
That's
right-
and
one
thing
I
want
to
mention,
is
that
you
know
one
of
the
factual
findings
is
contingent
on
the
city
of
san
jose
city
council's
renewal
of
their
resolution.
That
recommends
social
distancing.
That
resolution
remains
valid
only
until
june
23rd
and
thereafter
we
will
have
to
monitor
what
the
city
council
does
on
that.
B
Correct
me
good
about
renewing
that
right,
mate
and
roberto.
D
Well,
so
I
mean
that's
a
fair
point
by
maytag.
Originally,
the
city
was
actually
sort
of
moving
towards
going
back
in
person
for
the
august
meetings.
D
I
do
attend
a
general
review
for
the
for
the
city
every
wednesday,
so
we'll
continue
doing
so
and
keep
the
chairs
and
by
chairs
of
both
boards
and
staff
a
prize
again.
Originally
they
were
of
the
mindset
that,
with
kobe
19,
you
know
subsidizing
that
they
were
going
to
start
actual
in-person
meetings
in
august,
but
because
of
the
increase
of
cases,
I'm
not
aware
of
what
the
situation
is.
So
we'll
have
to
monitor
that
and
keep
you
posted
if
they
do
approve
a
new
one
towards
the
end
of
june.
D
D
Okay,
so
so
I
will
keep
everyone
a
prize
and
see
what
the
city
decides,
but
I
don't
know
the
answer
to
that
yet
so
I
will
have
to
do
that.
Thank
you,
mr
chair.
B
You
are
any
more
comments:
if
not
let's
go
ahead
and
move
on
to
section
five,
we'll
look
for
a
motion
and
approval
materially
on
the
retirements
of
isidro,
el
bayong,
jr
police,
sergeant
police
department,
effective
july
23,
202
with
25.29
years
service
with
reciprocity,
jeff,
laura
moore
fire
engineer,
fire
department,
effective
july
9,
2022
with
26.4
years
service,
charles
e
mathis,
police,
sergeant
police
department,
effective
july
23rd,
2022,
25.3
years
service
man.
B
We
got
some
really
long:
timers,
here,
stanley
c
mcfadden,
deputy
chief
police
department,
effective,
may
28
2022,
28.8
your
service,
wow
and
john
a
ureta.
You
reached
a
fire
engineer,
fired
from
effective
april
29
2022
with
23.39
your
service.
Do
I
hear
a
motion
to
approve.
B
I'm
I'm
chillin,
I
anything
you
want
to
say
about
any
of
these
guys.
C
Yeah
from
trustee
wilson
I've
I
worked
with
isidro
chuck
and
stan
throughout
my
entire.
Almost
my
entire
career
all
stand
up
guys
and
a
special
congratulations
to
stan,
as
he
is
now.
The
new
police
chief
for
stockton
pd.
C
B
That's
great
news
good
for
him
anything
from
the
fireside.
C
Thank
you
for
your
service,
they're,
good
andrew.
No,
I
also
want
to
say
yeah.
I've
worked
with
both
larry
moore
and
ureta.
I
just
want
to
thank
you
for
your
service
and
the
time
that
you
put
into
this
community
enjoy
your
retirement.
Thank
you.
B
Great
now
we'll
do
the
fruit
vested
stephen
j,
corbin
police
officer,
police
department,
effective
june
6
june
16
2022
with
a
13.
one,
four-year
service,
aaron
d,
fong
police,
sergeant,
police
farm,
effective
july
10,
2022
25,
0.45
years
service,
with
reciprocity
and
james
h,
top
police
captain
wow
police
department
affected
june
28
2022
25.49
years
service.
Do
I
hear
a
motion.
B
Gonna
push
my
santos.
Do
I
have
a
second
second
going
around
the
room,
andrew
hi,
lita.
C
B
Hi-
and
I
am
chair
lanza,
I
vote
I
as
well.
Let
me
think
about
this.
Okay,
we'll
we'll
read
the
death
notifications
of
a
moment:
silence
a
notification
of
the
death
of
richard
confer
sergeant
retired
may
2000
died
april,
18
2022,
no
survivorship
benefits;
notification
of
the
death
of
brian
jost
police's
attempt,
retired
november
14
2022
died
april,
5
april
5,
2022
survivorship
benefits
the
summer
dose
and
gen
joe's
spouse
and
child
respectively.
B
No,
this
this
one's
a
good
one:
notification
of
the
death
of
james
j,
the
roy
police
officer,
retired
december
3rd
1986,
good
good
for
you,
james
died
april,
hang
on
15
2022
survivorship
benefits
to
caroline
the
royce
spouse.
Well,
here's
the
guy
just
a
brief
aside
to
his
his
survivors.
I
always
look
these
up.
This
is
I'm
a
senior
citizen.
Now
guys
I
turned
65.
Last
year
this
guy
joined
the
police.
B
When
I
was
in
third
grade
good
on
you
for
having
a
long
and
hopefully
a
happy
retirement
notification
of
the
death
of
edward
schneiker
fire
inspector
retired
april,
2nd
1985
died
april,
2nd
2022,
which
thrives
your
benefits
to
margot
schneiker's
spouse,
a
notification
of
the
death
of
kenneth
j,
siegel
police
officer,
retired
june
17,
2017
died,
may
12th,
2022
survivorship
benefits
to
janet
else,
eagle,
spouse
and,
finally,
notification
of
the
death
of
richard
eughas
police
officer,
retired
april
15,
2000
died
april,
2nd
202
survivorship
benefits
to
mary,
jo
spouse.
C
C
Yeah
this
is
this
is
franco,
just
my
condolences
to
the
families
as
usual
and
unfortunately,
both
brian
and
ken.
I
worked
with
those
guys
and
they
they
passed
way
too
young
and
then
dick
ewhoss
was
a.
He
was
a
great
man.
He
was
actually
mine
and
dave's
background
back
in
the
day,
so
condolences
to
their
families.
C
C
B
All
right
on
to
the
committee's
esther
anything
from
investment
side.
C
No
nothing
new.
We
have
a
meeting
coming
up
later
this
month
and
maybe
a
special
meeting
too,
but
but
nothing
nothing
new.
B
Great,
let
me
for
the
record
note
that
we
accept
the
minutes
of
the
special
committee
meeting
on
on
march
30th
and
the
special
committee
meeting
on
april
7.
anything
on
the
audit
risk
committee.
Sunisa.
B
Great
then,
let
me
know
we
received
the
minutes
of
special
audit
committee
meeting
on
march
30th
april
7..
Those
special
committee
meetings
are
the
ab-361
meetings,
governance
franco,
anything
to
report
from
you,
nothing
to
report,
same
acceptance
of
the
march
30
and
april
7th
special
committee
meetings,
dick
anything
to
say
about
disability.
B
Yeah
sure
so
we
don't
have
a
meeting
coming
up
in
june
and
and
the
disability
committee
has
always
is
humming
along
ably
chaired
by
trustee
santos.
We
accept
and
file
the
minutes
from
march
3rd
and
april
7th
again
navy
361.
anything
to
report
on
jpc
andrew.
B
Yeah
and-
and
I
would
say
I'm
at
the
jpc-
I
think
yesterday-
and
I
are
now
in
soup
of
it
and
and
jbc
mostly
this
summer-
will
just
be
driving
this
review
process.
C
I
guess
one
thing
that
we're
just
pending
our
consultants
or
the
survey
back
for
salary
wrenches
for
the
ceo
and
cio.
That's
what
we're
waiting
for
before
we
have
our
next
meeting.
B
Oh
yeah,
that's
a
good
point
and
then,
as
I
said
before
later
this
year,
will
prabhu
will
engage
the
apc
on
on
ideas
behind
incentive
compensation.
Any
public
comments
is
anything
from
public
everything
I
want
to
say.
C
This
is
here
yes,
I
do
want
to
go
to
you
and
the
board
yeah.
Thank
you.
I
want
to
commend
you
and
the
board.
I
know
I'm
out
of
position
here
right
now,
but
the
way
we
handle
that
pension
process
today
it
was
very
favorable
and
I
sure
appreciate
the
protection
of
the
plan,
the
members
and
how
you
all
chipped
in.
Thank
you
very
much.
B
Yeah,
well,
I
think
the
credit
really
goes
to
maytag
and
harvey
who
drove
a
very
thorough
and
honest
process.
So
that's
good
any
other
comments.
B
If
not
maytac,
this
meeting
is
adjourned
and
maytag
go
ahead.
Let's
run
through
iab
361.