Earlier editions: 2026-09
Title 3 — PERSONNEL›II. - RETIREMENT PLANS›Chapter 3.52 — FEDERATED RETIREE HEALTH CARE TRUST FUND
San Jose Municipal Code Part 4 Accounts and Investments
San Jose Municipal Code · 2026-10 edition · updated 2026-10-04 · San Jose
Cite as: San Jose Municipal Code Part 4 · Text as of 2026-10-04
3.52.300 - Accounts.¶
Except to the extent prohibited by applicable law, the trustees or custodian may commingle the assets held by the trust for investment purposes.
(Ord. 28914.)
3.52.310 - Investment of trust fund.¶
A. Except as otherwise provided by regulation, or as delegated to the custodian, administrator or an investment manager by the trustees, the trustees shall have complete control of the management and investment of the trust fund, and shall have all powers necessary or convenient to enable it to exercise such control.
B. The trustees or trustees' delegate may invest and reinvest funds held by the trust fund in any investments which are legal investments under California law, and shall have the discretion to decide the allocation of funds among such investments. The trustees may purchase, acquire, hold, lease, sell, and convey real and personal property, and place funds held herein with banks or trust companies which have corporate trust powers, with insurance companies authorized to do business within the State of California, and do all such other acts permitted by law.
(Ord. 28914.)
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