§ 24.0911 — Annual Report

§ 24.0911 Annual Report

(a) The Retirement Board shall prepare an Annual Report at the end of each fiscal year to provide information to all Members concerning the System. Copies of the Annual Report shall be distributed to all Members. The Retirement Administrator shall keep a copy of the Annual Report in his or her office. (b) The President of the Retirement Board shall provide the Annual Report to the City Manager and the City Council, shall inform the City Manager and the City Council semi-annually of the funding status of the pension system, the impact of any demographic or actuarial issues, and any other changes affecting the benefits or funding of the Retirement System that have occurred since the date of the previous semi-annual report pursuant to this section. (c) The President of the Retirement Board and the Retirement Administrator shall promptly inform the City Manager and the City Council of all material facts or significant developments relating to all matters under the jurisdiction of the Board, except as may be otherwise controlled by the laws and regulations of the United States or the State of California. (d) The President of the Retirement Board, the Retirement Administrator, and all officers and employees of the Retirement System shall comply promptly with all lawful requests for information by the City Council, the City Manager, the City Attorney, or their designees.

(“Annual Report” added 4-2-2002 by O-19043 N.S.) (Amended 10-11-2004 by O-19320 N.S.)