ARTICLE 2. Establishment of System

Article 2 added by Stats. 1947, Ch. 424.

§§ 31500–31509 · 9 sections

• § 31500 A retirement system is established in any county for eligible officers and employees by the adoption of an ordinance, accepting this chapter, by: (a) A…
• § 31501 This chapter becomes operative in any county on either January 1st or July 1st following the adoption of the ordinance, as specified in the ordinance, but not…
• § 31502 This chapter may be made effective by a resolution adopted by a majority of the governing board or committee of any institution operated by two or more…
• § 31503 A retirement system established pursuant to this chapter shall supersede any previously established county pension system.
• § 31505 The assets and records of a superseded system shall become the assets and records of this retirement system, but there shall be left to the superseded system…
• § 31506 All previously retired members of the superseded system shall be paid for their respective lives the full amount of the retirement payments or annuities to…
• § 31507 The retirement board created by this chapter shall determine the amount and kind of assets necessary to meet the requirements of Section 31506, and if the…
• § 31508 The assets shall be administered solely by the board subject to the provisions of this chapter as to the custody, investment, and disbursement of the…
• § 31509 A member who has made special contributions to a superseded system shall have the option of withdrawing such special contributions together with interest…