§ 30431
50 words·~1 min read·
/ca/public-utilities-code/30431A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.