Prior History: Prior code §§2-250–2-253; Ord. NS 1068, 1982; repealed by Ord. CS 1390, 4/1/2025.
Stanislaus County accepts the provisions of Title 3, Division 4, Part 3, Chapter 3 (commencing at Section 31450) of the Government Code of California, cited as the 'County Employees Retirement Law of 1937' as amended. All the provisions of these chapters shall be applicable to all eligible employees of Stanislaus County.
(Ord. CS 1390, 4/1/2025)
The board makes the provisions of Section 31681.51 of the Government Code and Section 31739.31 of the Government Code applicable in Stanislaus County as a part of the County Employees Retirement Law of 1937, being Title 3, Division 4, Part 3 of the Government Code of California which is not in full force and effect in Stanislaus County.
(Ord. CS 1390, 4/1/2025)
The provisions of Sections 31870.1, 31871, 31872 and 31873 (Chapter 3 of Part 3 of Division 4 of Title 3) of the Government Code are made applicable to the county, to be operative at 12:01 a.m., January 1, 1970, subject to the following:
A. 
A special reserve account shall be established entitled cost of living adjustment reserve.
B. 
The amount held in the contingency reserve as of the operative date of this section, which is in excess of one percent of the retirement system assets, shall be transferred to the cost-of-living adjustment reserve.
C. 
Each employee shall be required to contribute to the cost-of-living adjustment reserve a percentage of his compensation based upon sex and age and time of entering into the retirement system, as determined by actuarial survey of May 29, 1968.
D. 
The county shall contribute a monthly amount equal to that contributed by the employee, adjusted each month by the amount of the cost-of-living contributions refunded to the members during the month.
E. 
All contributions shall be made on a refundable basis.
F. 
Regular interest shall be credited to the cost-of-living adjustment reserve in the same manner as for other retirement reserves.
G. 
The rates as provided by the actuarial consultants prior to the adoption of this section shall be reviewed at each periodic reevaluation of the system as required by law.
(Ord. CS 1390, 4/1/2025)
The board makes the provisions of Section 31681.51 of the Government Code and Section 31739.31 of the Government Code applicable in Stanislaus County as a part of the County Employees Retirement Law of 1937, being Title 3, Division 4, Part 3 of the Government Code which is now in full force and effect in Stanislaus County.
(Ord. CS 1390, 4/1/2025)