{"code":"PUC","codeName":"Public Utilities Code","section":"98192","citation":"Pub. Util. Code, § 98192","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 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000. - 98407.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10"},{"name":"CHAPTER 5. Retirement System [98180. - 98205.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10/chapter-5"},{"name":"ARTICLE 2. Benefits and Contributions [98190. - 98196.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10/chapter-5/article-2"}],"history":"Added by Stats. 1967, Ch. 978.","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-98192","source":"California Legislative Information bulk export (pubinfo)"}