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 § 50131
Establishment
Known as the San Joaquin Regional Transit District Act
The act spans §§ 50000–50507 (187 sections).
Applied in 1 court decision — leading case 132 Cal. App. 3d 203 - Stockton Metropolitan Transit District v. Amalgamated Transit Union, Local 276 (1982)
Most recently applied in 132 Cal. App. 3d 203 - Stockton Metropolitan Transit District v. Amalgamated Transit Union, Local 276 (May 1982)
Added by Stats. 1963, Ch. 839.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.