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DEFINITIONS

SJ-MC tit. 3, div. II, ch. 3.54, pt. 1
in effect

San José Municipal Code § 3.54.010 Definitions - Rules of construction.

3.54.010 - Definitions - Rules of construction. Unless the context otherwise requires, the definitions and general provisions set forth in this Part 1 govern the construction of Chapter 3.54. (Ord. 29065.)

San José Municipal Code § 3.54.020.01 "Administrator."

3.54.020.01 - "Administrator." "Administrator" means the director of the retirement services department of the City of San José. (Ord. 29065.)

San José Municipal Code § 3.54.020.02 "Custodian."

3.54.020.02 - "Custodian." "Custodian" means a bank, mutual fund, savings and loan association, insurance company or other qualified entity selected by the trustees, to hold and administer the assets of the trust fund. (Ord. 29065.)

San José Municipal Code § 3.54.020.03 "Dependent."

3.54.020.03 - "Dependent." "Dependent" means a surviving spouse, surviving domestic partner, or surviving child, of a police department member of the police and fire department retirement plan who is entitled to medical benefits under Section 3.28.1960 and/or dental benefits under Section 3.28.2010. (Ord. 29065.)

San José Municipal Code § 3.54.020.04 "Governmental Accounting Standards Board" or "GASB."

3.54.020.04 - "Governmental Accounting Standards Board" or "GASB." "Government Accounting Standards Board" or "GASB" means the organization funded and monitored by the financial accounting foundation (FAF), or successor organization, whose main purpose is to improve and create accounting reporting standards or generally accepted accounting principles (GAAP), which make it easier for users to understand and use the financial records of both state and local governments. (Ord. 29065.)

San José Municipal Code § 3.54.020.05 "GASB 43."

3.54.020.05 - "GASB 43." "GASB 43" means the estimates of total liability and annual employer required contribution for post- retirement health benefits that are required to be provided in the plan's annual financial reports pursuant to governmental accounting standard board statement No. 43, as said statement is in effect on July 1, 2011. (Ord. 29065.)

San José Municipal Code § 3.54.020.06 "GASB 45."

3.54.020.06 - "GASB 45." "GASB 45" means the estimates of total liability and annual employer required contribution for post- retirement health benefits that are required to be provided in the city's annual financial reports pursuant to governmental accounting standard board statement No. 45, as said statement is in effect on July 1, 2011. (Ord. 29065.)

San José Municipal Code § 3.54.020.07 "Health and welfare benefit."

3.54.020.07 - "Health and welfare benefit." "Health and welfare benefit" means a medical, prescription drug, or dental benefit, including a premium subsidy for the same for retirees and dependents, which is considered a post-retirement benefit other than pension under GASB 43 and/or GASB 45. Such a benefit is limited to medical care expenses, including premium subsidies as defined by IRC Section 213(d), which have been approved by the city council for retirees and dependents. (Ord. 29065.)

San José Municipal Code § 3.54.020.08 "Investment fund."

3.54.020.08 - "Investment fund." "Investment fund" means an investment fund that forms part of the trust fund as established by the trustees. (Ord. 29065.)

San José Municipal Code § 3.54.020.09 "Investment manager."

3.54.020.09 - "Investment manager." "Investment manager" means an investment manager selected by the trustees or a delegate of the trustees as authorized by Section 3.54.420. (Ord. 29065.)

San José Municipal Code § 3.54.020.11 "OPEB obligation."

3.54.020.11 - "OPEB obligation." "OPEB obligation" means the obligation for post-employment benefits other than pension benefits as defined under GASB 43 and/or GASB 45. (Ord. 29065.)

San José Municipal Code § 3.54.020.12 "Plan."

3.54.020.12 - "Plan." "Plan" means the health plan or plans in which retirees and dependents may participate in order to obtain health and welfare benefits pursuant to Parts 14 and 15 of Chapter 3.36. (Ord. 29065.)

San José Municipal Code § 3.54.020.13 "Property."

3.54.020.13 - "Property." "Property" refers to any property, real or personal, or partial interests therein, wherever situated, including, but not limited to, preferred and common stocks, shares of investment companies, bonds, notes, debentures and mortgages, equipment trust certificates, investment trust certificates, interests in limited liability companies, in partnerships, whether limited or general or in any insurance contract, policy, annuity, or other investment media offered by an insurance company, in which trust assets may be invested pursuant to applicable law. (Ord. 29065.)

San José Municipal Code § 3.54.020.14 "Regulation."

3.54.020.14 - "Regulation." "Regulation" means a policy, procedure, rule or regulation adopted by the trustees, establishing administrative procedures for the administration of the trust. (Ord. 29065.)

San José Municipal Code § 3.54.020.15 "Retiree."

3.54.020.15 - "Retiree." "Retiree" means a former employee of the city who was employed in the police department of the City of San José and who is retired and is entitled to health and welfare benefits under the plan as described in Parts 14 and 15 of Chapter 3.36. (Ord. 29065.)

San José Municipal Code § 3.54.020.17 "Trust fund."

3.54.020.17 - "Trust fund." "Trust fund" means all such money, property, and all investments made therewith and proceeds thereof and all earnings and profits thereon, less payments made by the trustees as authorized in this chapter, which trust fund shall be known as the police department health care trust fund. (Ord. 29065.)

San José Municipal Code § 3.54.020.18 "Trust year."

3.54.020.18 - "Trust year." "Trust year" means the twelve-month period beginning each July 1 and ending the following June 30 on which the books and records of the trust are maintained. (Ord. 29065.)

San José Municipal Code § 3.54.020.20 "Rules of construction."

3.54.020.20 - "Rules of construction." Words used herein in the masculine gender shall be construed to include the feminine gender where appropriate, and words used herein in the singular or plural shall be construed as being in the plural or singular where appropriate. Accounting terms and principles used herein or applicable hereto shall be as defined and described from time to time by pronouncements and other guidance of the governmental accounting standards board ("GASB"), or any successor organization. The police department health care trust fund and the fire department health care trust fund may be structured as two wholly separate subtrusts of one trust. Each subtrust will be used for the sole and exclusive purpose of funding health and welfare benefits for retirees and dependents of the police department of the City of San José in the case of the police department health care trust fund, and for the sole and exclusive purpose of funding health and welfare benefits for retirees and dependents of the fire department of the City of San José in the case of the fire department health care trust fund. (Ords. 29065, 29260.)
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_CH3.54PODEHECATRFU_PT1DEFetched: 11/1/2026

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