District Retirement Board

​​​Overview

The San José-Evergreen Community College District Retirement Board consists of nine members appointed by the Board of Trustees to govern the district’s compliance plan relating to Governmental Accounting Standards Board (GASB) Statements 43 & 45. These statements recommend reporting and funding guidelines for Other Post-Employment Benefits (OPEB) (i.e., retiree medical, dental and other welfare plans provided to eligible employees and retirees). According to a GASB 43 & 45 actuarial report completed in November 2007, the district had an annual accrued OPEB liability on June 30, 2007 of $47,719,500. Of this amount, $37.2 million represented the estimated liability for current retirees’ welfare benefits and $10.5 million represented the estimated liability for active employees not yet retired who are eligible for welfare benefits.

The Retirement Board’s first official meeting was conducted on February 7, 2008. The Board approved a plan to be compliant with GASB 43 & 45 compliance guidelines, including establishment of an irrevocable trust from which OPEB liabilities are to be paid. The Board appointed a GASB 43 & 45 advisor, a trust company and an investment manager as part of the compliance plan. It also established a formal investment policy and reviews the performance of the trust company, which in turn monitors the performance of the investment manager in achieving the goals reflected in the investment policy.

All Retirement Board meetings are subject to the requirements of the Brown Act.

Membership

Members of the Retirement Board - updated 06-28-16

Actuarial Documents

GASB Report as of June 30, 2015

GASB Report as of June 30, 2013

GASB Report as of June 30, 2011

GASB Report as of June 30, 2009

GASB Report as of June 30, 2007

 

2016 - Agenda & Minutes

October 27, 2016 Agenda

April 28, 2016 Minutes

April 28, 2016 Agenda

 

 

2008 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2008_RetirementBOA_Agendas.pdf2008 AgendasRetirement Board of Authority-Archive
2008 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2008_RetirementBOA_Minutes.pdf2008 MinutesRetirement Board of Authority-Archive
2009 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2009_RetirementBOA_Agendas.pdf2009 AgendasRetirement Board of Authority-Archive
2009 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2009_RetirementBOA_Minutes.pdf2009 MinutesRetirement Board of Authority-Archive
2010 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2010_RetirementBOA_Agendas.pdf2010 AgendasRetirement Board of Authority-Archive
2010 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2010_RetirementBOA_Minutes.pdf2010 MinutesRetirement Board of Authority-Archive
2011 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2011_RetirementBOA_Agendas.pdf2011 AgendasRetirement Board of Authority-Archive
2011 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2011_RetirementBOA_Minutes.pdf2011 MinutesRetirement Board of Authority-Archive
2012 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2012_RetirementBOA_Agendas.pdf2012 AgendasRetirement Board of Authority-Archive
2012 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2012_RetirementBOA_Minutes.pdf2012 MinutesRetirement Board of Authority-Archive
2013 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2013_RetirementBOA_Agendas.pdf2013 AgendasRetirement Board of Authority-Archive
2013 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2013_RetirementBOA_Minutes.pdf2013 MinutesRetirement Board of Authority-Archive
2014 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2014_RBOA_Agendas.pdf2014 AgendasRetirement Board of Authority-Archive
2014 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2014_RBOA_Minutes.pdf2014 MinutesRetirement Board of Authority-Archive
2015 Agendashttp://www.sjeccd.edu/AdministrativeServices/Documents/2015_RBOA_Agendas.pdf2015 AgendasRetirement Board of Authority-Archive
2015 Minuteshttp://www.sjeccd.edu/AdministrativeServices/Documents/2015_RBOA_Minutes.pdf2015 MinutesRetirement Board of Authority-Archive

reports

 SJECCD Futuris Trust

2016

2015

2014

2013

2012

2011

2010

SJECCD Supporting Page
District
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