California § 95806. 95806. (Added by Stats. 1984, Ch. 968, Sec. 3.)

California Statutes

§ 95806. — 95806. (Added by Stats. 1984, Ch. 968, Sec. 3.)

California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 9. PART 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT·Ch. 5. CHAPTER 5. Retirement System·Art. 1. ARTICLE 1. Establishment

In the event the board elects to adopt and maintain its own retirement system, that system shall comply with this article and the requirements of:

(1)Article 2 (commencing with Section 95830), Article 3 (commencing with Section 95860) and Article 4 (commencing with Section 95890) of this chapter; or (2) applicable federal law to establish a qualified plan under Section 401 (a) of, and a tax exempt trust under Section 501 (a) of, the Internal Revenue Code of 1954, as amended.

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In the event the board elects to adopt and maintain its own retirement system, that system shall comply with this article and the requirements of: (1) Article 2 (commencing with Section 95830), Article 3 (commencing with Section 95860) and Article 4 (commencing with Section 95890) of this chapter; or (2) applicable federal law to establish a qualified plan under Section 401 (a) of, and a tax exempt trust under Section 501 (a) of, the Internal Revenue Code of 1954, as amended.

California § 95806. (95806. (Added by Stats. 1984, Ch. 968, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1984, Ch. 968, Sec. 3. Effective September 10, 1984.

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