Trust fund.
San José Municipal Code § 3.54.110
in effect3.54.110 - Trust fund.
The trustees shall have exclusive authority and control over the administration and management of the trust fund, the investment of trust assets, and disbursements from the trust fund, pursuant to the provisions of this chapter. The trustees shall receive and accept for the purposes hereof all contributions described herein and shall hold, invest, reinvest, manage, administer, and distribute property and the increments, proceeds, earnings, and income solely to meet OPEB obligations and to fund health and welfare benefits under the plan as described herein.
(Ord. 29065.)
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_PT2TRESPU_3.54.110TRFUFetched: 11/1/2026