Section 50956 Of Article 2. Administration, Award System, And Membership From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 4.5. >> Article 2.
50956
. (a) On the basis of investigation and valuation, the board
shall adopt the mortality, service, and other tables as it deems
necessary, and shall make changes in the contributions required from
contracting departments as the board considers appropriate in order
to assure the actuarial soundness of this award system.
(b) The board shall credit all contributions of departments in the
fund with interest at the annual interest rate compounded at each
June 30.
(c) Data filed by a member or department with the board is
confidential, and no individual record shall be divulged by an
official or employee having access to that data to a person other
than the member to whom the information relates or his or her
authorized representative, or the department that employs the member.
That information shall be used by the board for the sole purpose of
carrying into effect the provisions of this chapter.
(d) Each volunteer member and department shall file with the board
the information and evidence as may be required by the board in
administration of this award system.