Code Section

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036. )
  

PART 5. SAN JOAQUIN REGIONAL TRANSIT DISTRICT [50000 - 50507]

  ( Heading of Part 5 amended by Stats. 1994, Ch. 704, Sec. 9. )
  

CHAPTER 5. Retirement System [50130 - 50156]

  ( Chapter 5 added by Stats. 1963, Ch. 839. )
  

ARTICLE 1. Establishment [50130 - 50135]
  ( Article 1 added by Stats. 1963, Ch. 839. )

  
50132.  

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. 1963, Ch. 839.)