GroundRules
PUC § 95832
Where this section sits in the code
- Public Utilities Code - PUC
- DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]
- PART 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT [95000. - 97007.]
- CHAPTER 5. Retirement System [95800. - 95891.]
- ARTICLE 2. Benefits and Contributions [95830. - 95836.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON