SECTIONS 31500-31509 - California Statutes

GOVERNMENT CODE

SECTION 31500-31509

31500. A retirement system is established in any county for
eligible officers and employees by the adoption of an ordinance,
accepting this chapter, by:
(a) A majority vote of the electors voting on the proposition at a
special or general election; or
(b) A four-fifths vote of the board of supervisors.

31501. This chapter becomes operative in any county on either
January 1st or July 1st following the adoption of the ordinance, as
specified in the ordinance, but not sooner than 60 days after its
adoption.

31502. This chapter may be made effective by a resolution adopted
by a majority of the governing board or committee of any institution
operated by two or more counties, or by a majority of the governing
board or committee of any district as defined in subdivision (c) of
Section 31468, if one of the counties involved in the operation of
the institution has adopted its provisions, or, in the case of a
district as defined in subdivision (c) of Section 31468, if one of
the counties comprising the organization or association has adopted
its provisions. Upon the adoption of the resolution the employees of
the institution shall become members of the retirement system of the
county designated by the governing board or committee of the
institution, and all contributions made by the employees and by the
institution shall be paid into the county retirement system of the
county selected. The governing board or committee shall cause to be
paid to the county operating the retirement system, the institution's
proportionate share of the cost of operation of the system.

31503. A retirement system established pursuant to this chapter
shall supersede any previously established county pension system.

31505. The assets and records of a superseded system shall become
the assets and records of this retirement system, but there shall be
left to the superseded system not established pursuant to either
Chapter 4 or Chapter 5, sufficient assets, according to tables
adopted by the board of supervisors, to pay all retirement payments
or annuities to persons who have been retired under the superseded
retirement system.

31506. All previously retired members of the superseded system
shall be paid for their respective lives the full amount of the
retirement payments or annuities to which they are entitled.

31507. The retirement board created by this chapter shall determine
the amount and kind of assets necessary to meet the requirements of
Section 31506, and if the amount so determined proves insufficient,
the county shall annually appropriate the sum necessary to fulfill
the requirements.

31508. The assets shall be administered solely by the board subject
to the provisions of this chapter as to the custody, investment, and
disbursement of the retirement fund. If there are assets of the
superseded system remaining after the termination of all liabilities
of the superseded system, the remaining assets shall be transferred
to and become part of the retirement fund.

31509. A member who has made special contributions to a superseded
system shall have the option of withdrawing such special
contributions together with interest thereon, following the transfer
of contributions to this system, or of permitting the contributions
to remain as additional contributions to this system. Any member
electing to make such withdrawal shall do so by written notice
addressed to the board within 90 days after the effective date of
this system.