Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 1. TRANSIT DISTRICTS IN COUNTIES OF ALAMEDA OR CONTRA COSTA [24501 - 27509]
( Heading of Part 1 added by Stats. 1957, Ch. 1056. ) CHAPTER 5. Retirement System [25301 - 25392]
( Chapter 5 added by Stats. 1955, Ch. 1036. ) ARTICLE 1. Establishment [25301 - 25306]
( Article 1 added by Stats. 1955, Ch. 1036. ) 25303.
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. 1955, Ch. 1036.)