ARTICLE 2. Administration
Article 2 added by Stats. 1947, Ch. 879.
§§ 9353–9354.7 · 16 sections
- § 9353 This system shall be administered by the Board of Administration of the Public Employees’ Retirement System. The board shall administer this system in…
- § 9353.1 The board may make such rules as it deems necessary and proper for the administration of this system.
- § 9353.2 The board shall determine who are members of this system and is the sole judge of the conditions under which persons may be admitted to and continue to receive…
- § 9353.3 From time to time the board shall determine the rate of interest being earned on the Legislators’ Retirement Fund, and shall credit all contributions of…
- § 9353.4 At the end of each fiscal year the board may credit to all contributions held in the fund at June 30th of the then current fiscal year, such interest in excess…
- § 9353.5 Each member of this system shall file with the board any information affecting his or her status as a member as the board may require.
- § 9353.6 The Chief Clerk of the Assembly shall give the board immediate written notice of the change in status of any legislative statutory officer elected by the…
- § 9353.7 If it is impracticable for the board to determine from the records the length of service, compensation, or age of any member of this system, or if any member…
- § 9353.8 If more or less than the correct amount of contribution required of members or the State is paid, proper adjustment shall be made in connection with subsequent…
- § 9354 The Legislators’ Retirement Fund in the State Treasury is hereby established. All moneys received by this system pursuant to this chapter shall be deposited in…
- § 9354.1 The board has the exclusive control of the administration and investment of the fund, with the same powers and duties, and subject to the same limitations and…
- § 9354.2 In addition to other records and accounts, the board shall keep such records and accounts as may be necessary to show at any time: (a) The total accumulated…
- § 9354.3 As soon as practicable after the close of each fiscal year, the board shall file with the Governor a report of its work for such fiscal year. Not later than…
- § 9354.5 The board shall keep in convenient form such data as is necessary for the actuarial valuation of this system. As of June 30, 1973, and thereafter at the ends…
- § 9354.6 When there is insufficient data upon which to establish mortality rates or other actuarial assumptions required to evaluate the obligations of the system, the…
- § 9354.7 (a) Whenever a person entitled to payment of a member’s accumulated contributions or any other benefit fails to claim the payment or cannot be located or a…