Public Utilities Code § 30431

ARTICLE 2. Benefits and Contributions

Current as of September 28, 2026Pub. Util. Code, § 30431Official source ↗

Added by Stats. 1964, 1st Ex. Sess., Ch. 62.

Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the district and the employee members of the system which shall be based on percentage of pay roll to be changed only by adjustments on account of experience under the system.