§ 95806
81 words·~1 min read·
/ca/public-utilities-code/95806A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the event the board elects to adopt and maintain its own retirement system, that system shall comply with this article and the requirements of:
(1)Article 2 (commencing with Section 95830), Article 3 (commencing with Section 95860) and Article 4 (commencing with Section 95890) of this chapter; or
(2)applicable federal law to establish a qualified plan under Section 401
(a)of, and a tax exempt trust under Section 501
(a)of, the Internal Revenue Code of 1954, as amended.