California Statutes
§ 95832. — 95832. (Added by Stats. 1965, Ch. 1835.)
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. 2. ARTICLE 2. Benefits and Contributions
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.
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California § 95832. (95832. (Added by Stats. 1965, Ch. 1835.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1965, Ch. 1835.