Accounting for Public Agency Contributions
San Diego Municipal Code § 24.1806
in effect§24.1806 Accounting for Public Agency Contributions
The Board will account separately for all contributions it receives from a contracting Public Agency, and no assets of any Public Agency’s retirement plan may be used to pay the benefits or costs of administering any other retirement plan administered by the Board. Each Public Agency’s retirement plan assets will be commingled with the Retirement Fund’s assets solely for investment purposes. The agreement between the Board and the Public Agency will provide for an equitable distribution of earnings among the System and all retirement plans administered by the Board, as determined by the Board in its sole discretion.
(“Accounting for Public Agency Contributions” added 1-7-2003 by O-19140 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter02/Ch02Art04Division18.pdf#page=3Fetched: 10/28/2026