Article 2. Benefits And Contributions of California Public Utilities Code >> Division 10. >> Part 1. >> Chapter 5. >> Article 2.
The board may prescribe the terms and conditions upon which
the officers and employees of the district or their beneficiaries
shall be entitled to benefits and the amounts thereof.
The retirement allowance may be predicated in part upon
service rendered the district or any predecessor public utility,
whether publicly or privately owned, acquired by the district in
proceedings in eminent domain or otherwise, by a member prior to the
establishment of the retirement system, which service is known as
The board may provide that the district shall contribute the
entire cost of the retirement system or may require that an officer
or employee of the district, upon becoming a member of the retirement
system, shall contribute a portion of the cost. The amount of said
officer or employee contribution shall be determined by the board.
All members of the retirement system shall contribute in the
manner and amount fixed by the board and such contributions may be
collected by deducting the amounts thereof from the salary, wages, or
compensation due such members.
Liabilities accruing under the retirement system because of
benefits other than such as are the equivalent of contributions by
the members, with accumulated interest, shall be met by contributions
by the district. Prior service or other liabilities of the district
may be met by annual appropriations instead of by one appropriation
for the total of the liabilities; but until the present value of
regular contributions for current service, together with assets then
available, equals the present value of all allowances and benefits
granted or to be granted under the system, the appropriation for any
one year when added to any unused balance of any previous
appropriations for such purpose shall not be less than the amount
disbursed during that year on account of prior service or other
liabilities of the district.
If any member withdraws from the retirement system prior to
retirement the total amount contributed by him with such interest as
may be credited thereto shall be returned to him; provided, however,
that the board may prescribe the terms and conditions upon which a
member, whose district service is terminated except by death or
retirement, may elect to leave his contributions and interest thereon
in the retirement fund, and the terms and conditions upon which a
retirement allowance may be made to him after such termination.
All money received by any person as an annuity, pension,
retirement allowance, disability payment, or death benefit from the
retirement system, and all contributions and interest thereon
returned to any member of the retirement system, whether in the
actual possession of such person or deposited, loaned, or invested by
him, is unassignable, and is exempt from execution or any other
process except to the extent permitted by Section 704.110 of the Code
of Civil Procedure.