CHAPTER 5. Retirement System [98180. - 98205.]

Chapter 5 added by Stats. 1967, Ch. 978.

§§ 98180–98205 · 19 sections

1. ARTICLE 1. Establishment §§ 98180–98185 · 6 sections

   • § 98180 The board may establish a retirement system for the officers and employees of the district and provide for the payment of annuities, pensions, retirement…
   • § 98181 The district may maintain its own retirement fund or may provide for benefits to eligible officers and employees, or their beneficiaries, by means of group…
   • § 98182 Before establishing any retirement system the board shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the…
   • § 98183 The board may adopt all ordinances and resolutions and perform all acts necessary or convenient to the initiation, maintenance, and administrations of the…
   • § 98184 Nothing in this chapter prevents the district from participation in and making all or part of its employees members of the State Employees’ Retirement System…
   • § 98185 The board may classify and determine the officers and employees who shall be included as members in the retirement system and may change the classification…
2. ARTICLE 2. Benefits and Contributions §§ 98190–98196 · 7 sections

   • § 98190 The board may prescribe the terms and conditions upon which the officers and employees of the district or their beneficiaries shall be entitled to benefits and…
   • § 98191 The retirement allowance may be predicated in part upon service rendered the district by a member prior to the establishment of the retirement system, which…
   • § 98192 The board shall provide that both the district and the members shall contribute to the retirement system. The rate of contribution by an officer or employee of…
   • § 98193 All members of the retirement system shall contribute in the manner and amount fixed by the board and such contributions may be collected by deducting the…
   • § 98194 Liabilities accruing under the retirement system because of benefits other than such as are the equivalent of contributions by the members, with accumulated…
   • § 98195 If any member withdraws from the retirement system prior to retirement the total amount contributed by him with such interest as may be credited thereto, shall…
   • § 98196 All money received by any person as an annuity, pension, retirement, allowance, disability payment or death benefit, from the retirement system, and all…
3. ARTICLE 3. Retirement Board §§ 98200–98203 · 4 sections

   • § 98200 The board may create a retirement board of not more than five members, at least two members of which shall be the elected representatives of the employees, to…
   • § 98201 All members of the retirement board shall serve without pay.
   • § 98202 The retirement board shall determine the eligibility of officers, employees, and their dependents to participation in the system and shall be the sole…
   • § 98203 If the district maintains its own retirement fund the retirement board shall have exclusive control of the administration, investment, and disbursement of such…
4. ARTICLE 4. Investigation and Penalties §§ 98204–98205 · 2 sections

   • § 98204 At least once in each four-year period after the establishment of the retirement system the board shall cause to be made an actuarial valuation of the assets…
   • § 98205 Except as herein provided, no member of the board or of the retirement board, nor any member of the retirement system or employee of the district, shall have…