Chapter 5. Retirement System of California Public Utilities Code >> Division 10. >> Part 8. >> Chapter 5.
The district is empowered to contract with the State
Employees' Retirement System and may provide retirement and
disability benefits for employees under the State Employees'
Retirement System pursuant to its rules and regulations.
Whenever the district acquires existing facilities from a
publicly or privately owned public utility, either in proceedings in
eminent domain or otherwise, that has a pension plan in operation,
members and beneficiaries of such pension plan shall continue to have
the rights, privileges, benefits, obligations and status with
respect to such established system.
Whenever any such facilities are acquired by the district, the
board shall consider and take into account the outstanding
obligations and liabilities of the publicly or privately owned public
utility by reason of such pension plan and shall negotiate an
allowance in the purchase price of such utility for the assumption of
such obligations and liabilities when acquiring the facilities.