California § 45342 - Any pension or retirement system adopted shall be on a sound actuarial basis and
Full text of California Public Contract Code - PCC § 45342 — Any pension or retirement system adopted shall be on a sound actuarial basis and, with citation guidance and answers to common questions.
§ 45342. Any pension or retirement system adopted shall be on a sound actuarial basis and
Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the system which shall be based on percentages of pay roll to be changed only by adjustments on account of experience under the system.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 45342
What does Public Contract Code - PCC § 45342 cover?
Section 45342 ("Any pension or retirement system adopted shall be on a sound actuarial basis and") 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 § 45342?
A common citation format is "Public Contract Code - PCC § 45342" (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 § 45342 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.