California § 31963 - The board shall cause an actuarial investigation and valuation of the system to b
Full text of California Public Contract Code - PCC § 31963 — The board shall cause an actuarial investigation and valuation of the system to b, with citation guidance and answers to common questions.
§ 31963. The board shall cause an actuarial investigation and valuation of the system to b
The board shall cause an actuarial investigation and valuation of the system to be made immediately after the first year of operation and thereafter at not to exceed five-year intervals. The investigation shall be conducted under the supervision of an actuary and shall cover the mortality, service, and salary experience of the members and beneficiaries, and evaluate the assets and liabilities of the fund. Upon the basis of the determination, investigation, valuation, and recommendation of the actuary the board shall recommend to the board of supervisors such changes in the rate of interest, in the rates of contributions of members, and in county appropriations as it deems necessary. No adjustment shall be included in the new rates for time prior to the effective date of the revision.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31963
What does Public Contract Code - PCC § 31963 cover?
Section 31963 ("The board shall cause an actuarial investigation and valuation of the system to b") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 31963?
A common citation format is "Public Contract Code - PCC § 31963" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 31963 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.