{"code":"PUC","codeName":"Public Utilities Code","section":"50132","citation":"Pub. Util. Code, § 50132","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 5. SAN JOAQUIN REGIONAL TRANSIT DISTRICT [50000. - 50507.]","url":"https://blackletter.si/public-utilities-code/division-10/part-5"},{"name":"CHAPTER 5. Retirement System [50130. - 50156.]","url":"https://blackletter.si/public-utilities-code/division-10/part-5/chapter-5"},{"name":"ARTICLE 1. Establishment [50130. - 50135.]","url":"https://blackletter.si/public-utilities-code/division-10/part-5/chapter-5/article-1"}],"history":"Added by Stats. 1963, Ch. 839.","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-50132","source":"California Legislative Information bulk export (pubinfo)"}