ARTICLE 3. Board of Retirement
Article 3 added by Stats. 1947, Ch. 424.
§§ 32250–32272 · 23 sections
- § 32250 The management of the system is vested in a county foresters, fire wardens, and fire protection district foremen’s retirement board, consisting of five members.
- § 32251 One member of the board shall be the county treasurer, acting in an ex officio capacity.
- § 32252 The second member shall be a member of the county forester and firewarden department and a member of the system. He shall be elected by the members of that…
- § 32253 The third member shall be a member of the county fire protection districts personnel and a member of the system. He shall be elected by the members of the…
- § 32254 If any county has all of its fire protective personnel under the jurisdiction of a single fire protection district or a series of fire protection districts and…
- § 32255 If any county has all of its fire protective personnel under the jurisdiction of a general county forester or firewarden, or both, and has no fire protective…
- § 32256 The fourth and fifth members shall be qualified electors of the county who are not connected with county government in any capacity, appointed by the board of…
- § 32257 The first persons elected or appointed as the second and fourth members shall serve for two years from the operative date, and the third and fifth members so…
- § 32258 The first, second, and third members of the board shall serve without compensation, but shall be reimbursed out of the funds of the county for any expense or…
- § 32259 The fourth and fifth members of the board shall each receive as compensation for his services ten dollars ($10) for each meeting of the board at which he is in…
- § 32260 The board shall organize by choosing one of its number as chairman. Thereafter the officers shall be chosen biennially by the board.
- § 32261 The board shall meet for the transaction of business at least once every three months in each calendar year and at other times as it or a majority of its…
- § 32262 A majority of the members may transact any business of the board provided that the second or third member is present.
- § 32263 The board may compel witnesses to attend and testify before it, upon all matters connected with the operation of this chapter, in the same manner as is…
- § 32264 The board may appoint a secretary and provide for the payment from the fund of all its necessary expenses, including secretary hire and printing.
- § 32265 The board may make regulations not inconsistent with this chapter. The regulations shall become effective when approved by the board of supervisors.
- § 32266 The board shall report annually in January to the board of supervisors the condition of the fund and the receipts and disbursements on account of the fund with…
- § 32267 The board shall annually prepare a budget of the cost of maintaining the pension fund. For this purpose it may employ an actuary to assist it in preparing the…
- § 32268 The board shall cause an actuarial investigation and valuation of the system to be made immediately after the first year of operation and thereafter at not to…
- § 32269 After the receipt of the recommendation the board of supervisors shall adjust the rate of interest, the rates of contributions of members, and county…
- § 32270 The board has charge and control of the funds of the system and shall administer them and shall order payments therefrom in accordance with this chapter.
- § 32271 The board shall invest and reinvest the funds of the system, and may from time to time sell and invest and reinvest the proceeds of any securities held by it…
- § 32272 Whenever securities belonging to or held for the system are sold, the county treasurer shall deliver the securities sold upon receiving the proceeds and may…