Section 12302 Of Article 1. Establishment From California Public Utilities Code >> Division 6. >> Chapter 5. >> Article 1.

. The district may maintain its own retirement fund or may provide for benefits to eligible officers and employees, or their beneficiaries, by means of group insurance or other insurance, or by such means as in the opinion of the board will satisfactorily provide an adequate and sure method of meeting the payments contemplated by the retirement system.