2.92.090 Disability and retirement board meetings—Powers.
A. Said disability and retirement board shall hold meetings once during each calendar year on a date to be selected by said board or as may be called by the ex officio secretary of the pension board, and said board is authorized to issue checks against the fund created and to pay and discharge any of the obligations incurred by this chapter or to be payable under this chapter.
B. Said board may issue checks upon said fund, which must be signed by two authorized city employees, showing the amount and purpose for which payment is made.
C. Said disability and retirement board shall, in addition to the other powers granted in this chapter have power to:
1. Administer oaths, certify to all official acts, and to issue subpoenas for the attendance of witnesses and the productions of papers, books, and accounts, documents, and testimony in any inquiry, investigation, hearing, or proceedings in any part of the state or the superior court in and for the city and county, or county in which any inquiry, investigation, hearing, or proceeding may be held by the disability and retirement board or any member thereof;
2. Compel the attendance of witnesses, the giving of testimony and the production of papers, including books, accounts, and documents, as required by any subpoena issued by the disability and retirement board of any member thereof. The disability and retirement board or any member thereof, before whom testimony is to be given or produced, in case of refusal of any witness to attend or testify or produce any paper required by the subpoena, may report to the superior court in and for the county or city and county in which the proceeding is pending, by a petition setting forth that due notice has been given of the time and place and of the attendance of the witness or the production of the papers, and that the witness has failed and refused to attend or produce the papers required by the subpoena, or has refused to answer questions propounded to him in the course of such proceedings, and ask for an order of the court compelling the witness to attend and testify or produce the papers before the disability and retirement board. Upon the petition of the disability and retirement board, or such member thereof, the court shall enter its order directing the witness to appear before the court at a time and place to be fixed by the court in such order, the time to be not more than ten days from the date of the order, and then and there show cause why he has not attended and testified or produced the papers before the disability and retirement board, or member thereof. A copy of the order shall be served upon such witness. If it should appear to the court that the subpoena was regularly issued by the disability and retirement board or the member thereof, and the witness was legally bound to abide thereby, the council shall thereupon enter an order that the witness shall appear before the disability and retirement board, or the member thereof, at a time and place to be fixed in such order, and testify or produce the required paper, and upon failure to obey the order, the witness shall be dealt with as for contempt of court. The remedy provided in this section is accumulative and shall not be construed to impair or interfere with the power of the disability and retirement board or member therefor to enforce the attendance of witnesses and the production of papers and to punish for contempt in the same manner and to the same extent as courts of record;
3. To regulate and provide the manner, and by whom, minors and incompetent persons shall appear and be represented before it;
4. To regulate and prescribe the name and character of notice where not otherwise prescribed by this chapter and the service thereof;
5. Provide for the payment from the fund of all of its necessary expenses; provided, however, that no compensation shall be paid to any member of the board for any duty performed under this chapter;
6. Make such revisions, on advice of an actuary who is to be consulted in accordance with the provisions of California Government Code Section 7504(a), in the rates of contribution under the system as shall be deemed necessary;
7. To do and perform any other act or thing necessary or requisite to carry out the terms, provisions, and intentions of the provisions of this chapter;
8. Keep in convenient form such data as shall be necessary for the actuarial valuation of the retirement system. Actuarial valuations shall be conducted in accordance with the minimum requirements of California Government Code section 7504 and Statement No. 25 of the Governmental Accounting Standards Board. Upon the basis of such valuation and actuarial report, the board shall:
a. Adopt for the retirement system such interest rate, and such mortality, service and other tables as shall be deemed necessary,
b. Make such revision in the rates of contribution under the retirement system as shall be deemed necessary;
9. In addition to other records and accounts keep such records and accounts as shall be necessary to show at any time:
a. The total accumulated contributions of members.
b. The total accumulated contributions of the retired members less the annuity payments made to such members,
c. The accumulated contributions of the city held for the benefit of members on account of service rendered as members of the retirement system,
d. All other contributions of the city, which shall include the amounts available to meet the obligation of the city on account of benefits that have been granted and on account of prior service of members;
10. Appoint the secretary to the fire chief to act at the board’s pleasure as assistant secretary of the board, who shall maintain all records as required in this chapter, under supervision of the board;
11. Before July 1, in each year, advise the finance director, city manager, and city council the amount necessary to be included in the annual budget as provided in sections 2.92.160 through 2.92.180. (Ord. 3880 § 1, 1999; Ord. 3121 § 2, 1987; prior code § 5.38.090)