Public Utilities Code section 30431

Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the district and the employee members of the system which shall be based on percentage of pay roll to be changed only by adjustments on account of experience under the system.

Source: Section 30431, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=30431. (updated Jan. 1, 1964; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 30431's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_30431

Original Source: Section 30431, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=30431. (last accessed May 12, 2025).