ARTICLE 1.5. Pension Trusts
Article 1.5 added by Stats. 1955, Ch. 924.
§§ 53215–53224 · 23 sections
- § 53215 “Local agency” as used in this article means a city, city and county, district, school district, municipal or public corporation, political subdivision, or…
- § 53216 The legislative body of a local agency may establish a pension trust funded by individual life insurance contracts, individual annuities, group policies of…
- § 53216.1 It is the intent of the Legislature, consistent with the mandate of the voters in passing Proposition 21 at the June 5, 1984, Primary Election, to allow the…
- § 53216.2 A county that has established a pension trust pursuant to this article may contract with the courts within the county, and with other local agencies within the…
- § 53216.3 The legislative body shall employ investment counsel or trust companies or trust departments of banks to render service in connection with its investment…
- § 53216.4 The legislative body of the local agency shall report annually to the beneficiaries and potential beneficiaries of the pension trust on the status of the…
- § 53216.5 Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative…
- § 53216.6 The assets of the pension trust are trust funds and shall be held for the exclusive purposes of providing benefits to participants in the pension or retirement…
- § 53216.7 Notwithstanding any other provision of this article to the contrary, separate rates of contribution for male and female employees shall not be maintained or…
- § 53216.8 In the case of a pension trust established pursuant to this article which provides for individual accounts and permits a participant or beneficiary to direct…
- § 53216.9 (a) Any former member who left the service of a local agency with established reciprocity, and who became a member of a county retirement system, a retirement…
- § 53217 From funds under its jurisdiction the legislative body may authorize payment to the trust of amounts equaling all or any portion of the moneys necessary to…
- § 53217.5 (a) It is the intent of the Legislature in enacting this section, to provide a uniform limit on the pension trust benefits for the members of the legislative…
- § 53217.6 (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…
- § 53217.10 (a) On or 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…
- § 53218 Any law prohibiting, restricting, or limiting the assignment of or order for wages or salary does not prohibit, restrict, or limit the powers conferred in this…
- § 53219 A pension trust established pursuant to this article shall have trustees, agents or officers who shall carry on the business of the pension trust. The by-laws…
- § 53220 Unless the legislative body of the local agency specifically provides that a pension trust plan established pursuant to this article is compulsory upon the…
- § 53221 The legislative body of the local agency which establishes a pension trust plan pursuant to the provisions of this article may provide for waiver of membership…
- § 53222 The legislative body of a local agency which establishes a pension trust plan pursuant to the provisions of this article may grant reciprocal retirement…
- § 53222.5 If a local legislative body establishes a pension trust pursuant to this article that provides for disability retirement or has established reciprocity with a…
- § 53223 The legislative body of the local agency which establishes a pension trust plan pursuant to the provisions of this article may adopt any other provisions and…
- § 53224 The legislative body of a local agency which establishes a pension trust plan pursuant to the provisions of this article may contribute to a plan which is…