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.
Cal. Gov. Code § 32267
Board of Retirement
Known as the County Fire Service Retirement Law
The act spans §§ 32200–32365 (86 sections).
Added by Stats. 1947, Ch. 424.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.