Statute · California Public Utilities Code
Cal. Pub. Util. Code § 50142 — Benefits and Contributions
Cal. Pub. Util. Code § 50142
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Pub. Util. Code § 50142 — Benefits and Contributions is in force in the current edition of the Code, and nothing recorded condemns it.
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.