{"code":"PUC","codeName":"Public Utilities Code","section":"28892","citation":"Pub. Util. Code, § 28892","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 2. Benefits and Contributions [28890. - 28896.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2/chapter-5/article-2"}],"history":"Added by Stats. 1957, Ch. 1056.","effective":null,"html":"<p>The board shall provide that both the district and the members shall contribute to the retirement system. The rate of contribution by an officer or employee of the district becoming a member of the retirement system shall be so fixed as to provide, with accumulated interest and based on tables and assumptions adopted by the board, substantially one-half the value of any retirement allowance granted for service, exclusive of any credits allowed for prior service.</p>","text":"The board shall provide that both the district and the members shall contribute to the retirement system. The rate of contribution by an officer or employee of the district becoming a member of the retirement system shall be so fixed as to provide, with accumulated interest and based on tables and assumptions adopted by the board, substantially one-half the value of any retirement allowance granted for service, exclusive of any credits allowed for prior service.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/benefits-and-contributions-28892","source":"California Legislative Information bulk export (pubinfo)"}