District Retirement Board


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.


Members of the Retirement Board

Actuarial Documents

GASB Report as of June 30, 2017

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

2022-Agendas & Minutes

July 18, 2022 Agenda

April 21, 2022 Agenda

2021-Agendas & Minutes

April 22, 2021 Agenda

2020-Agendas & Minutes

October 22, 2020 Agenda

April 23, 2020 Agenda

2019- Agendas & Minutes

October 24, 2019 Agenda


​2018 Agendas
2018 Minutes
​​2017 Agendas
​2017 Minutes
2016 Agendas
2016 Minutes
2015 Agendas2015 Minutes
2014 Agendas ​2014 Minutes
2013 Agendas ​2013 Minutes
2012 Agendas2012 Minutes
2011 Agendas2011 Minutes
2010 Agendas2010 Minutes
2009 Agendas2009 Minutes
2008 Agendas ​2008 Minutes


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