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HomeGovernment CodeDiv. 4Pt. 3Ch. 5Art. 3§ 32267 Pension Fund Budget Preparation

§ 32267 Pension Fund Budget Preparation

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 32267 Pension Fund Budget Preparation

Key Takeaways

  • •The board must make a budget every year for the pension fund.
  • •They can hire an expert (actuary) to help make the budget fair and smart.
  • •The goal is to keep the pension system running well with good planning.

Example

Imagine your school needs to plan how much money to save for teachers' retirement.

The school board must make a yearly plan (budget) for this. They can hire a math expert to help make sure they save enough money the right way.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 32267 Pension Fund Budget Preparation

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. (Added by Stats. 1947, Ch. 424.)

Last verified: January 22, 2026

Key Terms

portpensionthe board

Related Statutes

  • § 32266 Annual Fund Beneficiary Report
  • § 31962 Pension Fund Budget Preparation
  • § 27081 Court Clerk Deposits Fees
  • § 29851 Replacing Lost Or Destroyed Warrants
  • § 32210 County Firefighter Pension Rights

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 32267.
View Official Source