The district may maintain its own retirement fund or may provide for benefits to eligible officers and employees, or their beneficiaries, by means of group insurance or other insurance, or by such means as in the opinion of the board will satisfactorily provide an adequate and sure method of meeting the payments contemplated by the retirement system.
Cal. Pub. Util. Code § 25302
Establishment
Known as the Transit District Law
The act spans §§ 24501 to 27509 (308 sections).
Added by Stats. 1955, Ch. 1036.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.