Investment of funds.
San José Municipal Code § 3.44.140
in effect3.44.140 - Investment of funds.
A. The police and fire retirement board is hereby authorized to invest any or all moneys in the police and fire cost-of-living fund, subject to the same restrictions and limitations as are applicable to its investment of moneys in the retirement fund established by Chapter 3.36 of the San José Municipal Code.
B. The retirement board of the federated city employees retirement plan established by Chapters 3.24 and 3.28 of the San José Municipal Code is hereby authorized to invest any or all moneys in the federated cost-of-living fund, subject to the same restrictions and limitations as are applicable to its investment of moneys in the retirement fund established by Chapter 3.28 of the San José Municipal Code.
C. Earnings or losses from said investments shall be credited or debited to the respective cost-of-living fund from which such investments were made.
(Prior code § 2904.515.)
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_CH3.44CO-LAD_3.44.140INFUFetched: 11/1/2026