Section 45344.
45344. Benefits based on service rendered prior to membership in the system shall be met by additional contributions of the employer. Such prior service liability may be funded over a fixed period of years. (Added by Stats. 1949, Ch. 79.)
Section 45345.
45345. As an alternate method of providing a retirement system, the city may contract with the Board of Administration of the State Employees’ Retirement System and enter all or any portion of its employees under such system pursuant to law and under the terms and conditions of such contract. (Added by Stats. 1949, Ch. 79.)
Section 45314.
45314. After the retirement of a person for disability, if it appears that the disability has diminished, the board shall reduce the retirement payment to correspond with the degree of disability. The retirement payment shall cease when the disability has fully ceased. (Added by Stats. 1949, Ch. 79.)
Section 45315.
45315. The determination of the retirement board is final and shall not be modified or set aside except for fraud or abuse of discretion. (Added by Stats. 1949, Ch. 79.)
Section 45316.
45316. This article provides an alternative procedure for the establishment of retirement systems in cities. (Added by Stats. 1949, Ch. 79.)
Section 45308.55.
45308.55. Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the “Investment Company Act of 1940” which has total assets of at least fifty million dollars ($50,000,000); except that the total investment in such stocks and shares, together with stocks and shares of […]
Section 45317.
45317. Any regularly established fire or police protection district may adopt a retirement system for its employees pursuant to this article. (Added by Stats. 1949, Ch. 79.)
Section 45308.6.
45308.6. For purposes of Section 45308.5, city retirement systems shall employ investment counsel or trust companies or trust departments of banks to render service in connection with the city retirement system’s investment program. (Added by Stats. 1967, Ch. 1359.)
Section 45341.
45341. The legislative body may establish a pension plan and provide retirement and death benefits for city employees in order to effect economy and efficiency in the public service and provide a means by which employees who become superannuated or otherwise incapacitated may, without hardship or prejudice, be replaced by more capable employees. (Added by […]
Section 45308.7.
45308.7. The city retirement board, if there is one, or the city treasurer with the approval of the city council, may enter into security loan agreements with broker-dealers and with California or national banks for the purpose of prudently supplementing the income normally received from investments. (b) “Security loan agreement” means a written contract whereby a […]