SECTIONS 32250-32272 - California Statutes

GOVERNMENT CODE

SECTION 32250-32272

32250. The management of the system is vested in a county
foresters, fire wardens, and fire protection district foremen's
retirement board, consisting of five members.

32251. One member of the board shall be the county treasurer,
acting in an ex officio capacity.

32252. The second member shall be a member of the county forester
and firewarden department and a member of the system. He shall be
elected by the members of that department who are members of the
system, within 30 days after the date on which the system becomes
operative, in a manner determined by the board of supervisors.

32253. The third member shall be a member of the county fire
protection districts personnel and a member of the system. He shall
be elected by the members of the county fire protection districts who
are members of the system, within 30 days after the date on which
the system becomes operative, in a manner determined by the board of
supervisors.

32254. If any county has all of its fire protective personnel under
the jurisdiction of a single fire protection district or a series of
fire protection districts and has no fire protective personnel under
the jurisdiction of a general county forester or firewarden, the
second and third members shall be elected from the members of the
fire protection district who are members of the system.

32255. If any county has all of its fire protective personnel under
the jurisdiction of a general county forester or firewarden, or
both, and has no fire protective personnel under the jurisdiction of
a fire protection district, the second and third members shall be
elected from the members of the general county department who are
members of the retirement system.

32256. The fourth and fifth members shall be qualified electors of
the county who are not connected with county government in any
capacity, appointed by the board of supervisors within 30 days after
the operative date, except that one of such members may be a member
of the board of supervisors.

32257. The first persons elected or appointed as the second and
fourth members shall serve for two years from the operative date, and
the third and fifth members so elected or appointed shall serve for
a term of three years from the operative date. Thereafter, the term
of office of the four elected members is three years.

32258. The first, second, and third members of the board shall
serve without compensation, but shall be reimbursed out of the funds
of the county for any expense or loss of salary or wages which they
incur through services on the board and for costs of operation of
this system.

32259. The fourth and fifth members of the board shall each receive
as compensation for his services ten dollars ($10) for each meeting
of the board at which he is in attendance, not to exceed 12 board
meetings in any one calendar year.

32260. The board shall organize by choosing one of its number as
chairman. Thereafter the officers shall be chosen biennially by the
board.

32261. The board shall meet for the transaction of business at
least once every three months in each calendar year and at other
times as it or a majority of its members orders. Notice of all
meetings shall be given by the secretary at least three days in
advance of the meeting.

32262. A majority of the members may transact any business of the
board provided that the second or third member is present.

32263. The board may compel witnesses to attend and testify before
it, upon all matters connected with the operation of this chapter, in
the same manner as is provided by law for the taking of testimony
before notaries public. The chairman or any member of the board may
administer oaths to the witnesses.

32264. The board may appoint a secretary and provide for the
payment from the fund of all its necessary expenses, including
secretary hire and printing.

32265. The board may make regulations not inconsistent with this
chapter. The regulations shall become effective when approved by the
board of supervisors.

32266. The board shall report annually in January to the board of
supervisors the condition of the fund and the receipts and
disbursements on account of the fund with a complete list of the
beneficiaries of the fund and the amounts paid them for the preceding
calendar year.

32267. The board shall annually prepare a budget of the cost of
maintaining the pension fund. For this purpose it may employ an
actuary to assist it in preparing the budget and report, to the end
that the system may be scientifically financed and administered.

32268. The board shall cause an actuarial investigation and
valuation of the system to be made immediately after the first year
of operation and thereafter at not to exceed five-year intervals. The
investigation shall be conducted under the supervision of an actuary
and shall cover the mortality, service, and salary experience of the
members and beneficiaries, and shall evaluate the assets and
liabilities of the fund. Upon the basis of the determination,
investigation, valuation, and recommendation of the actuary, the
board shall recommend to the board of supervisors such changes in the
rate of interest, in the rates of contributions of members, and in
county appropriations as it deems necessary. No adjustment shall be
included in the new rates for time prior to the effective date of the
revision.

32269. After the receipt of the recommendation the board of
supervisors shall adjust the rate of interest, the rates of
contributions of members, and county appropriations, as it deems
advisable, but shall not fix them so as to reduce the amount of
individual benefits.

32270. The board has charge and control of the funds of the system
and shall administer them and shall order payments therefrom in
accordance with this chapter.

32271. The board shall invest and reinvest the funds of the system,
and may from time to time sell and invest and reinvest the proceeds
of any securities held by it and invest and reinvest all
unappropriated income of the funds. All funds received by it not
required for current disbursements shall be invested only in:
(a) Securities that are legal for savings bank investments or any
bonds which, pursuant to the statutes or laws providing for the
issuance of those bonds are entitled to the same force or value or
use as bonds issued by any municipality, or any bonds issued pursuant
to those acts, statutes or laws of this state wherein that law
specifically states by reference or otherwise that the bonds shall be
legal investments for either savings banks, insurance companies, all
trust funds, state school funds and any funds that may be invested
in bonds of cities, counties, cities and counties, school districts,
or municipalities in the state, or any bonds that have been
investigated and approved by a commission or board now or hereafter
authorized by law to conduct that investigation and give that
approval and by authority of which those bonds are declared to be
legal investments for insurers.
(b) Deposits at interest in any state or national bank doing
business with the county pursuant to law authorizing and controlling
the deposit of public funds in banks.
(c) Shares, share accounts, or certificates of funds of a credit
union that has the protection provided by the National Credit Union
Share Insurance Fund or other private insurance or guaranty of share
accounts that is acceptable to the Commissioner of Financial
Institutions.

32272. Whenever securities belonging to or held for the system are
sold, the county treasurer shall deliver the securities sold upon
receiving the proceeds and may execute any and all documents
necessary to transfer title. The duties imposed upon the county
treasurer are a part of his official duties, for the faithful
performance of which he is liable on his official bond.