{"code":"PUC","codeName":"Public Utilities Code","section":"28872","citation":"Pub. Util. Code, § 28872","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 2. SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT [28500. - 29757.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2"},{"name":"CHAPTER 5. Retirement System [28870. - 28913.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2/chapter-5"},{"name":"ARTICLE 1. Establishment [28870. - 28875.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2/chapter-5/article-1"}],"history":"Added by Stats. 1957, Ch. 1056.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/establishment-28872","source":"California Legislative Information bulk export (pubinfo)"}