ARTICLE 2. Administration, Award System, and Membership

Article 2 added by Stats. 2007, Ch. 651, Sec. 2.

§§ 50953–50957 · 5 sections

• § 50953 (a) The award system shall be administered by the board and the board shall comply with the following requirements: (1) The board shall maintain a plan as…
• § 50954 (a) The board shall adopt rules and regulations to administer the award system, including, but not limited to, all of the following: (1) Eligibility…
• § 50955 (a) The board shall, from time to time, determine and fix the annual interest rate and actuarial interest rate. (b) The board shall keep in convenient form the…
• § 50956 (a) On the basis of investigation and valuation, the board shall adopt the mortality, service, and other tables as it deems necessary, and shall make changes…
• § 50957 The custodian of the fund shall be subject to the exclusive control of the board to administer and invest the assets of the fund. The assets in the fund shall…