California Public Utilities Code 30431 – Any pension or retirement system adopted shall be on a sound …
Current as of: 2024 | Check for updates
|
Other versions
Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the district and the employee members of the system which shall be based on percentage of pay roll to be changed only by adjustments on account of experience under the system.
(Added by Stats. 1964, 1st Ex. Sess., Ch. 62.)
Terms Used In California Public Utilities Code 30431
- District: as used in this part , means the Southern California Rapid Transit District. See California Public Utilities Code 30004