San Jose Federated Retiree Health Care 115 Trust

San Jose Federated Retiree Health Care 115 Trust

The San Jose Federated Retiree Health Care 115 Trust was established in 1975. It delivers retirement health benefits to eligible full-time and part-time City of San Jose employees through a defined contribution structure. The trust targets a balanced allocation that includes private equity at roughly 11 to 14 percent of assets. Confirmed holdings include American Core Realty Fund, LLC in real estate and Rhumbline DJ Brookfield Global Infrastructure. Additional positions cover public equity strategies such as Artisan Global Value Fund and Northern Trust Russell 3000 Index Fund. Geographic exposure spans the United States and global markets. Assets total 3272 million USD. The trust retains Meketa Investment Group as investment advisor since 2015 and works with custodians including Bank of New York Mellon. It attended the Fiduciary Investors Symposium in September 2024 and the Public Fund Summit East in July 2024. The trust operates under the oversight of the City of San Jose Department of Retirement Services with board members providing governance alongside the CIO. This structure separates plan administration from direct investment execution.