California Government Code ARTICLE 5 - Financial Provisions

• Section 31580.
  The board of supervisors shall appropriate annually from the proper county funds the amount necessary to defray the entire expense of administration of the retirement...
• Section 31580.1.
  The board may include each year in the contribution required of a district a reasonable amount, which may differ from district to district, to cover...
• Section 31580.2.
  (a) In counties in which the board of retirement, or the board of retirement and the board of investment, have appointed personnel pursuant to Section 31522.1,...
• Section 31581.
  After the date a system becomes operative the board of supervisors shall, in the preparation and adoption of the county budget, add to the appropriation...
• Section 31581.1.
  (a) The board of supervisors may elect to pay up to one-half of the contributions normally required of members for any period of time designated in...
• Section 31581.2.
  (a) The board of supervisors or the governing body of the district may agree to pay any portion of the contributions required to be paid by...
• Section 31582.
  (a) The county auditor shall certify to the board at the end of each month or at the end of each pay period the compensation earnable,...
• Section 31582.1.
  In any county in which the board of retirement so provides, the county auditor shall not be required to make the certifications required by Section...
• Section 31584.
  The board of supervisors shall make the appropriations, and if it fails or neglects to make the appropriations, the county auditor shall transfer from any...
• Section 31585.
  When any district becomes a part of the retirement system, the same appropriations and transfers of funds shall be made as those required of the...
• Section 31585.1.
  When an employee paid from the county school service fund elects to remain a member of this retirement system as authorized by Section 1313 of...
• Section 31585.2.
  On and after the date a district, as defined in subdivision (l) of Section 31468, is included in the retirement system, the district’s appropriations and...
• Section 31586.
  All payments of the county or of any district into the retirement fund, whether made pursuant to this article or made pursuant to law, are...
• Section 31587.
  The board shall apply the contributions of the county or district to its obligations under the system in the order and amounts as follows:First, in...
• Section 31588.
  A trust fund account to be designated as “employees retirement fund” shall be opened upon the books of the retirement board, or treasurer and auditor...
• Section 31588.1.
  There is hereby established in the County Employees’ Retirement System a deferred yield adjustment account which shall be increased by the sale or disposition of...
• Section 31588.2.
  Notwithstanding any other provision of law, no funds in the retirement fund shall be expended for any purpose other than the expense of administration of...
• Section 31589.
  All transfers or payments to the retirement system and all withdrawals and other cash transactions, shall be accounted upon the books of the retirement board,...
• Section 31589.1.
  There is hereby established for accounting purposes in the County Employees Retirement Law of 1937 the following procedure for treating a trade of bonds for...
• Section 31590.
  (a) All warrants, checks, and electronic fund transfers drawn on the retirement fund shall be signed or authorized by at least two board officers or employees,...
• Section 31591.
  (a) Regular interest shall be credited semiannually on June 30th and December 31st to all contributions in the retirement fund which have been on deposit for...
• Section 31592.
  Earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year shall remain in...
• Section 31592.2.
  (a) In any county, earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year...
• Section 31592.3.
  In any county, earnings of the retirement fund, in excess of the total interest credited to contributions and reserves shall remain in the fund as...
• Section 31592.4.
  (a) The amount of excess earnings available at the end of a fiscal year of the retirement fund, shall, subject to the limitations in this section,...
• Section 31592.5.
  The board shall provide to any recognized retiree organization reasonable advance notice of any proposed changes to the retirement benefits offered by the system or...
• Section 31592.6.
  In order for a recognized retiree organization to fulfill its obligations to the retired members of the system and to communicate with them, upon the...
• Section 31593.
  The retirement board shall conduct an audit of the retirement system at least once every 12 months and report upon its financial condition. The retirement...
• Section 31594.
  It is the intent of the Legislature, consistent with the mandate of the voters in passing Proposition 21 at the June 5, 1984, Primary Election,...
• Section 31595.
  The board has exclusive control of the investment of the employees retirement fund. The assets of a public pension or retirement system are trust funds...
• Section 31595.1.
  (a) The board may authorize the treasurer to control and safely keep some or all of the moneys of the retirement system. If authorized, the treasurer...
• Section 31595.41.
  All acts made or done by the board or its officers and employees, on or after January 1, 1983, and until the effective date of...
• Section 31595.9.
  Notwithstanding the provisions of Section 31595, in addition to other investments authorized by this article, funds received by the county treasurer not required for current...
• Section 31596.
  (a) When securities belonging to or held for the retirement association are sold, the county treasurer shall deliver the securities to the purchaser upon receiving the...
• Section 31596.1.
  The expenses of investing its moneys shall be borne solely by the system. The following types of expenses shall not be considered a cost of...
• Section 31597.
  Before June 30th of each year the retirement board shall file in the office of the county auditor and with the board of supervisors a...
• Section 31597.1.
  Before December 31 of each year, the retirement board shall file in the office of the county auditor and with the board of supervisors a...
• Section 31597.2.
  In those counties in which the retirement board has authorized the treasurer to control and hold the assets of the retirement system pursuant to subdivision...
• Section 31598.
  The annual statement shall be prepared in accordance with generally accepted accounting principles on the basis of pronouncements of the Government Accounting Standards Board or...
• Section 31599.
  In addition to other records and accounts, the retirement board, or the treasurer if authorized by the board, shall keep records and accounts as are...
• Section 31600.
  A pension, annuity, or retirement allowance is payable in equal monthly installments, but a smaller pro rata amount may be paid for part of a...
• Section 31601.1.
  In counties having a board of investments pursuant to Section 31520.2, no investment shall be made in real property unless it is approved by six...
• Section 31602.
  Notwithstanding any other provision of law, the board of retirement, or, in counties that have established a board of investments, the board of investments, may...
• Section 31603.
  The board of retirement or the board of investments, as applicable, may obtain a loan and pledge a portion of the assets of the retirement...
• Section 31607.
  To assist in carrying out its investment powers and duties the board may employ an attorney in private practice.(Amended by Stats. 1984, Ch. 1738, Sec....

Last modified: October 22, 2018