Public Utilities Code § 12303

ARTICLE 1. Establishment

Current as of September 28, 2026Pub. Util. Code, § 12303Official source ↗

Enacted by Stats. 1951, Ch. 764.

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.