California Public Utilities Code

§ 101356

PUC § 101356Div. 10 · Part 13 · Ch. 10

Statute text

(a)At its discretion, the board shall select one of the following plans to provide retirement benefits to officers and employees of the district:

(1)By contracting with the retirement system maintained pursuant to the County Employees Retirement Law of 1937 or the Public Employees’ Retirement Law.

(2)By adopting a qualified plan and tax-exempt trust pursuant to Sections 401(a) and 501(a) of the Internal Revenue Code of 1954, as amended.

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Legislative history

Amended by Stats. 1987, Ch. 372, Sec. 2.