§ 1168 Pension Plan Review Authority

This law lets the board look at the pension plan and suggest changes, but it says the monthly pension payments can't be changed unless Section 1167 says they can.

Key Takeaways

•The board can review the pension plan and suggest changes.
•Monthly pension amounts stay the same unless Section 1167 permits a change.
•Any change to the monthly payout must follow the rules in Section 1167.

Example

The board checks the retirement fund and says the plan should add a new benefit, but retirees keep getting the same monthly check because any change to that check has to follow Section 1167.

The board can only recommend new rules for the plan; they can't raise or lower the monthly pension amount unless another law (Section 1167) allows it.

The board may review the pension plan and make any recommendations it deems necessary for changes in the plan. Monthly pensions shall not be adjusted except as provided by Section 1167. (Added by Stats. 1992, Ch. 639, Sec. 8. Effective January 1, 1993.)

This law lets the board look at the pension plan and suggest changes, but it says the monthly pension payments can't be changed unless Section 1167 says they can.

Key Takeaways

•The board can review the pension plan and suggest changes.
•Monthly pension amounts stay the same unless Section 1167 permits a change.
•Any change to the monthly payout must follow the rules in Section 1167.

Example

The board checks the retirement fund and says the plan should add a new benefit, but retirees keep getting the same monthly check because any change to that check has to follow Section 1167.

The board can only recommend new rules for the plan; they can't raise or lower the monthly pension amount unless another law (Section 1167) allows it.

Key Takeaways

Example

Key Terms

References

§ 1168 Pension Plan Review Authority

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References