County Employees Retirement Law of 1937 (CERL) - sdcera

accounting under this section, the provisions of Section 31597 do not apply in the county.
(Added by Stats. 1979, Ch. 122, Sec. 2)
(Amended by Stats. 1995, Ch. 584 (A.B. 1021), Sec. 10)
(Amended by Stats. 2003, Ch. 520 (A.B. 1585), Sec. 5)
§31597.2. Alternative financial statement; filing
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 (a) of Section 31595.1,
the treasurer shall be responsible for filing the statement required by Section 31597 or Section
31597.1, as applicable.
(Added by Stats. 1995, Ch. 584 (A.B. 1021), Sec. 11)
§31598. Preparation of annual statement
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 its successor organization.
(Repealed by Stats. 1996; added by Stats. 1996, Ch. 680 (S.B. 1877), Sec. 10 and 11,
respectively)
§31599. Records of contributions
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 necessary to show at any time:
(a) The total accumulated contributions of members.
(b) The total accumulated contributions of retired members less the annuity payments
made to the members.
(c) The accumulated contributions of the county or district held for the benefit of
members on account of service rendered as members of the retirement system.
(d) All other accumulated contributions of the county or district, including the amounts
available to meet the obligation of the county or district on account of benefits granted to
retired employees and on account of prior service of members.
(Added by Stats. 1947, Ch. 424, Sec. 1)
(Amended by Stats. 1995, Ch. 584 (A.B. 1021), Sec. 12)
§31600. Benefits payable monthly; exception
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 month when the pension, annuity, or
retirement allowance begins after the first day of the month or ends before the last day of the
month.
(Added by Stats. 1947, Ch. 424, Sec. 1)
§31601.1. Investments in realty; counties with board of investments
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 votes of the board or, where a county
board of supervisors or a county board of education has a material interest in the property
unless it is approved by nine votes of the board.
(Amended by Stats. 1984, Ch. 1738, Sec. 19, Effective September 30, 1984)
§31602. Home loan program; investment of funds
Notwithstanding any other provision of the law, the board of retirement, or, in counties
that have established a board of investments, the board of investments, may establish a
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Article 5, §31597.1. - §31602.