Administration of the plan.

San José Municipal Code § 3.50.060

in effect

3.50.060 - Administration of the plan. A. The Plan and the Trust established by this Chapter shall be administered by the City Manager which shall be the sole authority to enforce the Plan and the Trust. To the extent reasonably necessary to effectively administer the plan in accordance with the requirements of the Internal Revenue Code and any other applicable laws, regulations, or pronouncements, the City Manager may adopt amendments to the Basic Plan Document, provided such amendments do not conflict with any provisions of the San José Municipal Code. B. The City Manager shall be responsible for the operation of the Plan in accordance with its terms and shall determine all the questions arising out of the administration, interpretation and application of the Plan and the Trust. All such determinations shall be conclusive and binding on all persons. C. The City Manager shall have the authority to enter into agreements on behalf of the City for the administration of the Plan, for custodial agreements for funds, and for investments selected by the Advisory Committee under the plan where the fees to be paid under such an agreement are to be paid by the participants of the Plan or where there is no amount to be paid by the City under the agreement. D. The Advisory Committee shall have the authority to make decisions on behalf of the City as to the investment policy, the choice and nature of investments to be available under the Plan, and enter agreements on behalf of the City for investment advice under the Plan where the fees under such an agreement are to be paid by the participants of the Plan or where there is no amount to be paid by the City under the agreement. The Advisory Committee shall have the authority to review and advise the City Manager on annual budgets and proposed changes to the Plan. E. The method of selection and the term of office of the members of the Advisory Committee shall be established by resolution of the City Council. (Ords. 24061, 25707, 26541, 30536.)

Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.50PTPL_3.50.060ADPLFetched: 11/1/2026