Section 45312.
45312. Nothing in this article prohibits the enhancement of the pension and retirement fund by private or voluntary contributions, nor the transfer to the fund of any surplus funds of the city which in the sound discretion of the legislative body may properly be used for such purpose. (Added by Stats. 1949, Ch. 79.)
Section 45313.
45313. The retirement board shall require competent medical proof before retiring any officer or employee for physical disability. (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 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 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. […]