Public Utilities Code § 50132

ARTICLE 1. Establishment

Current as of September 28, 2026Pub. Util. Code, § 50132Official source ↗

Added by Stats. 1963, Ch. 839.

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.