Section 32261.
32261. The board shall meet for the transaction of business at least once every three months in each calendar year and at other times as it or a majority of its members orders. Notice of all meetings shall be given by the secretary at least three days in advance of the meeting. (Added by Stats. […]
Section 32262.
32262. A majority of the members may transact any business of the board provided that the second or third member is present. (Amended by Stats. 1951, Ch. 1236.)
Section 32263.
32263. The board may compel witnesses to attend and testify before it, upon all matters connected with the operation of this chapter, in the same manner as is provided by law for the taking of testimony before notaries public. The chairman or any member of the board may administer oaths to the witnesses. (Added by […]
Section 32264.
32264. The board may appoint a secretary and provide for the payment from the fund of all its necessary expenses, including secretary hire and printing. (Added by Stats. 1947, Ch. 424.)
Section 32265.
32265. The board may make regulations not inconsistent with this chapter. The regulations shall become effective when approved by the board of supervisors. (Added by Stats. 1947, Ch. 424.)
Section 32266.
32266. The board shall report annually in January to the board of supervisors the condition of the fund and the receipts and disbursements on account of the fund with a complete list of the beneficiaries of the fund and the amounts paid them for the preceding calendar year. (Added by Stats. 1947, Ch. 424.)
Section 32267.
32267. The board shall annually prepare a budget of the cost of maintaining the pension fund. For this purpose it may employ an actuary to assist it in preparing the budget and report, to the end that the system may be scientifically financed and administered. (Added by Stats. 1947, Ch. 424.)
Section 32268.
32268. The board shall cause an actuarial investigation and valuation of the system to be made immediately after the first year of operation and thereafter at not to exceed five-year intervals. The investigation shall be conducted under the supervision of an actuary and shall cover the mortality, service, and salary experience of the members and […]
Section 32269.
32269. After the receipt of the recommendation the board of supervisors shall adjust the rate of interest, the rates of contributions of members, and county appropriations, as it deems advisable, but shall not fix them so as to reduce the amount of individual benefits. (Added by Stats. 1947, Ch. 424.)
Section 32270.
32270. The board has charge and control of the funds of the system and shall administer them and shall order payments therefrom in accordance with this chapter. (Added by Stats. 1947, Ch. 424.)