BlackletterCalifornia law

CHAPTER 2. Retirement [45300. - 45345.]

Chapter 2 added by Stats. 1949, Ch. 79.

§§ 45300–45345 · 37 sections

  1. ARTICLE 1. General §§ 45300–45317 · 32 sections
    • § 45300 It is the intent of this article to enable any city to adopt such a retirement system as is adaptable to its size and type.
    • § 45301 By ordinance, any city may establish a retirement system for its officers and employees and provide for the payment of retirement allowances, pensions,…
    • § 45301.5 Notwithstanding any provision of this chapter to the contrary, separate rates of contribution for male and female employees shall not be maintained or…
    • § 45302 Before the ordinance establishing a retirement system is adopted, the city legislative body shall adopt a resolution giving notice of intention to adopt the…
    • § 45303 The ordinance shall not be adopted unless an election is first held to permit the employees proposed to be included in the system to express by secret ballot…
    • § 45304 The ballot used at the election shall include a summary of the retirement system as set forth in the resolution.
    • § 45305 The election shall be conducted in a manner to be prescribed by the legislative body, and permit firemen, policemen, and other city employees included in the…
    • § 45306 The ordinance establishing a retirement system may be adopted either by a majority vote of the electorate of the city or by approval of a two-thirds majority…
    • § 45307 The ordinance shall provide for the appointment of a retirement board and for the delegation to the board of such powers and duties in relation to the system…
    • § 45308 The legislative body may maintain its own pension and retirement fund or may contract with the legislative body of any city or county in the State, or any…
    • § 45308.1 All funds received by city retirement systems and not required for current disbursements shall be invested only in: (a) Securities which are legal for savings…
    • § 45308.2 Notwithstanding Section 45308.1 funds received by city retirement systems and not required for current disbursements may be invested in real property or…
    • § 45308.3 Notwithstanding Section 45308.1, funds received by city retirement systems and not required for current disbursements may be invested in bonds issued pursuant…
    • § 45308.4 Notwithstanding Section 45308.1, funds received by city retirement systems and not required for current disbursements may be invested in any of the following:…
    • § 45308.5 Notwithstanding Section 45308.1, in addition to any other investments as are authorized by this article, city retirement systems may in their discretion under…
    • § 45308.55 Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the…
    • § 45308.6 For purposes of Section 45308.5, city retirement systems shall employ investment counsel or trust companies or trust departments of banks to render service in…
    • § 45308.7 The city retirement board, if there is one, or the city treasurer with the approval of the city council, may enter into security loan agreements with…
    • § 45309 Among other matters, the ordinance establishing the system shall provide for: (a) The amount of benefits to be paid to any officers or employees, or their…
    • § 45309.5 A member of a pension or retirement system established pursuant to this chapter shall not receive credit for service or contributions for credit for service in…
    • § 45310 The ordinance may provide that: (a) The amount of the retirement, compensation, or pension may be predicated, in part, upon services rendered the city by an…
    • § 45310.3 Notwithstanding any other provision of law, a person ceases to be a member for any portion of his or her service as an elected public officer that is forfeited…
    • § 45310.5 The ordinance may provide for a modification of rights and benefits of a member because of membership in a reciprocal system similar to and under the same…
    • § 45310.6 When a city has established a reciprocal retirement system under this chapter, the following shall apply: (a) Any former member who left service under that…
    • § 45310.7 (a) On and after January 1, 2003, a member who is credited with less than the number of years of service required for vesting shall have the right to elect to…
    • § 45311 (a) It is the intent of the Legislature in enacting this section to recognize a public obligation to all those whose duties as local prosecutors, local public…
    • § 45312 Nothing in this article prohibits the enhancement of the pension and retirement fund by private or voluntary contributions, nor the transfer to the fund of any…
    • § 45313 The retirement board shall require competent medical proof before retiring any officer or employee for physical disability.
    • § 45314 After the retirement of a person for disability, if it appears that the disability has diminished, the board shall reduce the retirement payment to correspond…
    • § 45315 The determination of the retirement board is final and shall not be modified or set aside except for fraud or abuse of discretion.
    • § 45316 This article provides an alternative procedure for the establishment of retirement systems in cities.
    • § 45317 Any regularly established fire or police protection district may adopt a retirement system for its employees pursuant to this article.
  2. ARTICLE 2. Pension and Retirement Systems §§ 45341–45345 · 5 sections
    • § 45341 The legislative body may establish a pension plan and provide retirement and death benefits for city employees in order to effect economy and efficiency in the…
    • § 45342 Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the…
    • § 45343 Contributions shall be in amounts which will accumulate at retirement a fund sufficient to carry out the promise to pay benefits to the individual on account…
    • § 45344 Benefits based on service rendered prior to membership in the system shall be met by additional contributions of the employer. Such prior service liability may…
    • § 45345 As an alternate method of providing a retirement system, the city may contract with the Board of Administration of the State Employees’ Retirement System and…