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 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 […]
Section 45342.
45342. Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the system which shall be based on percentages of pay roll to be changed only by adjustments on account of experience under the system. (Added by Stats. 1949, […]
Section 45309.
45309. Among other matters, the ordinance establishing the system shall provide for: (a) The amount of benefits to be paid to any officers or employees, or their beneficiaries, and the terms and conditions upon which the benefits will be paid. (b) The contribution to be paid by the officers or employees to the pension and retirement fund. […]
Section 45343.
45343. Contributions shall be in amounts which will accumulate at retirement a fund sufficient to carry out the promise to pay benefits to the individual on account of his service as a member of the system, without further contributions from any source. (Added by Stats. 1949, Ch. 79.)
Section 45309.5.
45309.5. A member of a pension or retirement system established pursuant to this chapter shall not receive credit for service or contributions for credit for service in violation of the prohibitions provided in Section 34095 or Section 50033. (Added by Stats. 2006, Ch. 355, Sec. 6. Effective January 1, 2007.)
Section 45310.
45310. The ordinance may provide that: (a) The amount of the retirement, compensation, or pension may be predicated, in part, upon services rendered the city by an officer or employee prior to the establishment of the system. (b) The contribution of officers and employees included in the system may be collected by deducting the amounts of such […]
Section 45310.3.
45310.3. Notwithstanding any other provision of law, a person ceases to be a member for any portion of his or her service as an elected public officer that is forfeited pursuant to Section 1243. (Added by Stats. 2005, Ch. 322, Sec. 4. Effective January 1, 2006.)
Section 45310.5.
45310.5. The ordinance may provide for a modification of rights and benefits of a member because of membership in a reciprocal system similar to and under the same conditions as those provided under the County Employees’ Retirement Law of 1937 and the Public Employees’ Retirement Law because of membership in two or more retirement systems […]