Santa Clara Valley Transportation Authority

The committee discussed the transition of the 457 Deferred Compensation Plan's target-date funds to a collective investment trust structure to achieve cost savings. They also addressed proposed amendments to the committee bylaws regarding the appointment of alternates and formalizing meeting participation expectations. Additionally, the committee evaluated the administrative fee structure for the deferred compensation plans, approved a transition of the core index funds to Fidelity options, and reviewed the third-quarter budget for the plan expense account. Future agenda items were identified, including an informational briefing on health reimbursement accounts.

The board meeting agenda includes an information item to receive a project status update regarding the Eastridge to BART Regional Connector as of May 31, 2026.

This document outlines the VTA's Local Investment Framework, which initiates a 14-year program of projects derived from the SB 63 5-County Regional Measure. The framework aims to achieve financial sustainability by focusing on three primary outcomes: growing ridership, increasing productivity, and enhancing the customer experience through improved safety, security, and cleanliness. The strategy is structured into 'Foundation,' 'Reimagine,' and 'Transformation' phases, encompassing initiatives such as bus corridor improvements, upgraded infrastructure, service stabilization, visionary network implementation, speed enhancements, customer programs, technology integration, innovative mobility partnerships, advanced vehicle technologies, and major capital and station redevelopments. The plan is designed to result in lower unit costs, faster trips, and increased ridership for both bus and rail services.

The committee workshop agenda includes a review of recent crime statistics and various informational updates. Key topics include an overview of the Executive Leadership Team's STO program, the status of Board adoption for the new Customer Code of Conduct and Prohibition Orders, and a legal review of the Prohibition Orders Administration Policy. Additionally, the agenda covers the recruitment process for vacant committee seats, receipt of a Brown Act Fact Sheet, and updates regarding STO training and graduation.

The workshop agenda includes a discussion item to review and provide comments on the Complete Streets Checklists intended for applicants of the One Bay Area Grant Cycle 4.