ARTICLE 1. Establishment [30400. - 30406.]

Article 1 added by Stats. 1964, 1st Ex. Sess., Ch. 62.

§§ 30400–30406 · 7 sections

• § 30400 The board may establish a retirement system for the officers and employees of the district and provide for the payment of annuities, pensions, retirement…
• § 30401 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…
• § 30402 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…
• § 30403 The board may adopt all ordinances and resolutions and perform all acts necessary or convenient to the initiation, maintenance, and administration of the…
• § 30404 As an alternative method of providing a retirement system the board may contract with the Board of Administration of the Public Employees’ Retirement System…
• § 30405 The board may also contract with the Board of Administration of the State Employees’ Retirement System for participation in the Federal Social Security Act and…
• § 30406 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…