California Code, Public Utilities Code - PUC § 98192
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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.
Cite this article: FindLaw.com - California Code, Public Utilities Code - PUC § 98192 - last updated January 01, 2023 | https://codes.findlaw.com/ca/public-utilities-code/puc-sect-98192.html
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