ARTICLE 2. Pension and Retirement Systems

Heading of Article 2 amended by Stats. 1955, Ch. 624.

§§ 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…