California Government Code ARTICLE 5.5 - Alternative Financial Provisions
- Section 31610.
This article shall not become operative in any county unless and until it is adopted by resolution of the county board of retirement and the...
- Section 31611.
An actuarial valuation shall be made within one year after the date on which any system established under this chapter becomes effective, and thereafter at...
- Section 31612.
“Actuarial rate” means the interest assumption rate established by the most recent actuarial survey recommended by the board of retirement and adopted by the board...
- Section 31613.
“Net earnings” means the earnings of the retirement fund after accounting for any direct investment losses recognized during the year, less the amounts taken from...
- Section 31614.
Notwithstanding Section 31529, the board may contract for the legal services of an attorney in private practice when the board determines, after consultation with the...
- Section 31615.
Regular interest at the actuarial rate, or at the highest rate possible if net earnings, as defined in Section 31613 are not sufficient to credit...
- Section 31616.
After the semiannual application of Section 31615, earnings of the retirement fund in excess of the total interest credited to contributions and reserves shall remain...
- Section 31617.
In each county having an agreement prior to January 1, 1983, that a fixed part of the required Article 16.5 (commencing with Section 31870) cost-of-living...
- Section 31618.
The board shall establish a Supplemental Retiree Benefit Reserve in the retirement system consisting of any amount previously in the reserve against deficiencies, which on...
- Section 31618.5.
(a) The board shall annually transfer, from the administrative budget established pursuant to Article 5 (commencing with Section 31580), an amount sufficient to fund the administrative...
- Section 31619.
Remaining net earnings, after the sequential application of Sections 31615 and 31616 and Section 31617, if applicable, and Section 31618 shall be credited to all...
Last modified: October 22, 2018