# Retirement Plan of San Jose Water Company

Retirement Plan of San Jose Water Company is a Pension Fund based in San Jose, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** San Jose, United States
- **Region:** North America
- **Address:** San Jose, CA, United States
- **Founded:** 1866
- **Assets under management:** $202 million (Altss estimate)
- **Website:** www.sjwater.com
- **LinkedIn:** https://www.linkedin.com/company/san-jose-water

## Regulatory record

- **Reports private funds:** No

## About

The Retirement Plan of San Jose Water Company was established alongside the utility's founding in 1866, predating most modern pension structures by nearly a century. The plan operates under the umbrella of SJW Group (NYSE: SJW), a publicly traded water utility holding company that also owns Connecticut Water Company and smaller regional utilities. Eric W. Thornburg, Chair and CEO of SJW Group, and Tanya Moniz-Witten, President of San Jose Water Company, represent the senior leadership connected to the plan's oversight. The plan's portfolio reflects the conservative investment posture typical of a regulated utility's defined-benefit obligation. Holdings include direct commercial real estate in Tennessee and the Montevina Water Treatment Plant in San Jose, alongside net nonutility properties classified as real estate investments. No public records detail the plan's external manager relationships, investment committee structure, or recent allocation shifts. Executive leadership also participates in state business associations, including the California Chamber of Commerce and the Connecticut Business & Industry Association. The plan's structural differentiator is its embeddedness within a publicly traded, rate-regulated water utility — a sector where capital allocation decisions ripple through public utility commission proceedings. Unlike corporate pension plans at technology or financial firms, this plan's investment returns and funding ratios face secondary scrutiny tied to ratepayer costs, creating a quiet alignment between pension stewardship and the utility's regulatory standing before the California Public Utilities Commission.

## Sectors

- Real Estate
- Infrastructure

## People

- Eric W. Thornburg — Chair, CEO, and President of SJW Group
- Tanya Moniz-Witten — President of San Jose Water Company

## Questions

### What types of assets does the plan hold directly?

The plan holds direct commercial properties in Tennessee and the Montevina Water Treatment Plant in San Jose, California. It also lists net nonutility properties and real estate investments. These direct holdings suggest an internal allocation to real assets and infrastructure rather than relying entirely on external fund commitments, though the full portfolio composition is not publicly disclosed.

### How does the plan's status as part of a regulated utility affect its investment strategy?

As the pension plan of a utility regulated by the California Public Utilities Commission, its investment posture faces implicit constraints that corporate plans at unregulated companies do not. Pension funding costs can factor into rate cases, and conservative asset-liability matching aligns with a utility's obligation to prioritize service reliability and ratepayer interests over aggressive return-seeking.

### Is the plan's AUM publicly reported?

No. The Retirement Plan of San Jose Water Company does not publicly disclose assets under management. The estimated $202 million figure reflects Altss research based on available filings and operational characteristics, not a number published by SJW Group or the plan itself.

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/retirement-plan-of-san-jose-water-company

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