Cal. Gov. Code § 45342

Current through the 2023 Legislative Session.
Section 45342 - Requirements for system adopted

Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the system which shall be based on percentages of pay roll to be changed only by adjustments on account of experience under the system.

Ca. Gov. Code § 45342

Added by Stats. 1949, Ch. 79.