San Diego Municipal Code § 24.0801 City’s Contribution
§24.0801 City’s Contribution
Effective July 26, 2004, based upon the advice of the Actuary, the Board separately determines and adopts, the City’s employer contributions for General Members, Safety Members and Elected Officers. All deficiencies that occur due to the adoption of any Retirement Ordinances must be amortized over a period of thirty years or less.
All net investment and other actuarial experience gains and losses of the City’s Defined Benefit Pension plan shall be included in the calculation of the unfunded actuarial accrued liability (UAAL) and included in the amortized portion of the City’s employer contribution to SDCERS.
(Amended 11–18–2002 by O–19121 N.S.)
(Amended 4-28-2008 by O-19740 N.S.; effective 5-28-2008.)
(Amended 5-29-2014 by O-20369 N.S.; effective 6-28-2014.)
