California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 10. TRANSIT DISTRICTS |
Part 3. SOUTHERN CALIFORNIA RAPID TRANSIT DISTRICT |
Chapter 4. Retirement System and Employment Benefits |
ARTICLE 1. Establishment |
Section 30402.
Latest version.
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Before establishing any retirement system the board shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the system, and the prospective assets and liabilities of the system.
(Added by Stats. 1964, 1st Ex. Sess., Ch. 62.)