Current through the 2023 Legislative Session.
Section 31770.6 - Notification to members of rights; information regarding benefits(a) Upon adoption of the implementing ordinance, the retirement system shall establish procedures for notifying members of their rights under the program.(b) Each member, before electing to participate in the program, shall be given written information regarding how benefits under the program would be calculated and a comparison of the member's anticipated benefits at retirement with and without participation in the program. All members will be advised to seek advice from professional tax and investment advisors before electing to participate in the program.Added by Stats 2003 ch 897 (SB 274),s 1, eff. 1/1/2004.