Public Utilities Code section 12303

Before establishing any retirement system the board shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the system, and the prospective assets and liabilities of the system.

Source: Section 12303, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=12303. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 12303’s source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_12303

Original Source: Section 12303, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=12303. (last accessed Apr. 24, 2025).