CHAPTER 5. Retirement System [25301. - 25392.]

Chapter 5 added by Stats. 1955, Ch. 1036.

§§ 25301–25392 · 19 sections

1. ARTICLE 1. Establishment §§ 25301–25306 · 6 sections

   • § 25301 The board may establish a retirement system for the officers and employees of the district and provide for the payment of annuities, pensions, retirement…
   • § 25302 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…
   • § 25303 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…
   • § 25304 The board may adopt all ordinances and resolutions and perform all acts necessary or convenient to the initiation, maintenance, and administration of the…
   • § 25305 Nothing in this chapter prevents a district from participating in and making all or part of its employees members of the State Employees’ Retirement System by…
   • § 25306 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 §§ 25331–25337 · 7 sections

   • § 25331 (a) 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…
   • § 25332 The retirement allowance may be predicated in part upon service rendered the district or any predecessor public utility, whether publicly or privately owned,…
   • § 25333 The board may require the district to contribute the entire cost of the retirement system or may require an officer or employee of the district, upon becoming…
   • § 25334 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…
   • § 25335 Liabilities accruing under the retirement system because of benefits other than such as are the equivalent of contributions by the members, with accumulated…
   • § 25336 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…
   • § 25337 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 §§ 25361–25364 · 4 sections

   • § 25361 The board, upon establishing a retirement system pursuant to this chapter, shall create a retirement board of not more than five members, at least two members…
   • § 25362 All members of the retirement board shall serve without pay.
   • § 25363 The retirement board shall determine the eligibility of officers, employees, and their dependents to participation in the system and shall be the sole…
   • § 25364 If the district maintains its own retirement fund, the retirement board shall have exclusive control of the administration, investment, and disbursement of the…
4. ARTICLE 4. Investigation and Penalties §§ 25391–25392 · 2 sections

   • § 25391 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…
   • § 25392 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…