Payments from fund - After December 1, 1951.
San José Municipal Code § 3.20.460
in effect3.20.460 - Payments from fund - After December 1, 1951.
After the completion of the period ending December 1, 1951, the city council shall not further make the special provision in its annual budgets, as prescribed in the Section 3.20.440, to bear solely the cost of retirement payments ordered by the board, but the same shall thereafter be paid out of said fund as herein otherwise provided to be established and maintained; provided, that after the completion of the period ending December 1, 1951, whenever the fund shall be insufficient to meet said costs, the board of administration shall have the power to make demands upon the city council, and equally upon all such employees, for additional payments into the fund of amounts sufficient to meet the same, and the city council shall accordingly make provision in its budget each fiscal year for its half of the amount of such demands, which shall be paid into said fund by the city auditor. The city auditor shall deduct and pay into the fund from the salary of each of such employees his pro rata part of the other half of the amount of such demands, but in no event shall said demands for additional payments to be made by the city and equally in the aggregate by such employees exceed ten percent of the total annual payroll of such employees.
(Prior code § 2901.48.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.20FEEMRESY_3.20.460PAFUFTDE11951Fetched: 11/1/2026