Turlock Municipal Code Art. 6 Retirement System

A retirement system for the employees and officers of the City is hereby created and established pursuant to the provisions of Sections 45341 and 45342 of the Government Code of the State.

(673, Enacted, 03/04/1963)

The purposes of this article are as follows:

(a) To establish a plan to provide retirement and death benefits for City employees in order to effect economy and efficiency in the public service; and

(b) To provide a means by which employees who become superannuated or otherwise incapacitated may, without hardship or prejudice, be replaced by more capable employees.

(673, Enacted, 03/04/1963)

There is hereby created a Retirement Board which shall consist of five (5) members and be comprised as follows:

(a) Two (2) members of the Council;

(b) The City Manager;

(c) The City Attorney; and

(d) One lay member who shall be a registered elector of the City.

(673, Enacted, 03/04/1963)

The members of the Council shall be appointed by and serve at the pleasure of the Council. The City Manager and the City Attorney shall serve during their tenure of office. The lay member shall be elected by the other four (4) Retirement Board members with the concurrence of the Council and shall serve for a period of two (2) years.

Any member elected to the Retirement Board may be elected or appointed to succeed himself.

(673, Enacted, 03/04/1963)

The Retirement Board members shall serve without additional compensation for their services on such Board.

(673, Enacted, 03/04/1963)

(a) Adoption of regulations. The Retirement Board members shall adopt rules and regulations governing the holding of meetings and the time, place, and manner of conducting meetings.

(b) Minutes and records. The City Clerk shall keep the minutes of all meetings and shall keep all records of the Board.

(c) Quorum. Three (3) members shall constitute a quorum for the transaction of business.

(673, Enacted, 03/04/1963)

The members of the Retirement Board shall elect their own chairman.

(673, Enacted, 03/04/1963)

The Retirement Board shall administer the retirement system of the City and shall determine the eligibility of benefits under the retirement system and the conditions of retirement. The decision of the Board shall be final.

(673, Enacted, 03/04/1963)

For the purpose of providing funds for the retirement system created by the provisions of this article and to accomplish the purposes of this article, the Council hereby authorizes the execution of a contract for the purchase of annuities for each retired employee as provided for in such contract. Such contract, marked "Exhibit A," is on file in the office of the City Clerk and is hereby adopted by reference and made a part of this article as though set forth in this article in full.

(673, Enacted, 03/04/1963)

In order for the provisions of the contract for the purchase of annuities to remain effective, at least seventy (70%) percent of the eligible employees shall participate in the retirement plan. If at any one time membership in such plan shall fall below seventy (70%) percent of the eligible employees, the plan shall be terminated in accordance with the provisions set forth in such contract.

(673, Enacted, 03/04/1963)

All benefits received pursuant to the provisions of this article shall be in addition to any and all benefits employees may otherwise be entitled to by virtue of participation in the Federal Insurance Contribution Act (Social Security program).

(673, Enacted, 03/04/1963)

The provisions of this article may be amended from time to time.

(673, Enacted, 03/04/1963)