POPULAR ANNUAL FINANCIAL REPORT PENSION & POSTEMPLOYMENT HEALTHCARE
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This Popular Annual Financial Report summarizes the financial performance of the City of San José Police and Fire Department Retirement Plan for the fiscal year ended June 30, 2025. The Plan's total net position grew significantly to $5.97 billion (a 9.7% increase), driven by a strong net investment return of 10.0% that exceeded the actuarially assumed rate of 6.625%. During the fiscal year, the Plan successfully guided 90 members through retirement, supported 833 members during open enrollment, and engaged approximately 291 members through counseling sessions and workshops while maintaining operational continuity following a CEO leadership transition in August 2024.
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More budgets from San Jose
The San José Youth Commission received a budget overview on November 25, 2024, from Deputy Budget Director Claudia Chang presenting the adopted 2024-2025 city budget of $6.1 billion, comprised of $4.5 billion in operating budget and $1.6 billion in capital budget across 137 funds and 6,994 positions. The General Fund ($1.8 billion) is primarily funded by property tax (23.2%), fund balance carryover (27.1%), and sales tax (16.5%), with major operating expenditures directed to Environmental and Utility Services ($1.06 billion), Neighborhood Services ($900.6 million), and Public Safety ($900.6 million). The budget development process incorporates the Mayor's March Budget Message, City Council priorities, and principles focused on budgeting for equity.
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