{"code":"PUC","codeName":"Public Utilities Code","section":"30402","citation":"Pub. Util. Code, § 30402","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 3. SOUTHERN CALIFORNIA RAPID TRANSIT DISTRICT [30000. - 33021.]","url":"https://blackletter.si/public-utilities-code/division-10/part-3"},{"name":"CHAPTER 4. Retirement System and Employment Benefits [30400. - 30471.]","url":"https://blackletter.si/public-utilities-code/division-10/part-3/chapter-4"},{"name":"ARTICLE 1. Establishment [30400. - 30406.]","url":"https://blackletter.si/public-utilities-code/division-10/part-3/chapter-4/article-1"}],"history":"Added by Stats. 1964, 1st Ex. Sess., Ch. 62.","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-30402","source":"California Legislative Information bulk export (pubinfo)"}