§ 45302 Retirement System Adoption Notice

• •Before a city can create a retirement plan for its workers, it must first announce its plan to do so.
• •The announcement must include a simple summary of the main parts of the retirement plan.
• •This announcement is made through a formal decision by the city's leaders.

A city wants to start a new retirement plan for its employees, like firefighters and teachers.

Before the city can officially start the plan, the city council must first vote to announce their intention. This announcement must include a short summary of how the retirement plan will work, like who can join and what benefits they will get.