Section 170024 Of Chapter 2. Governing Body From California Public Utilities Code >> Division 17. >> Chapter 2.
170024
. (a) Upon request of the board of directors of the
authority, and with the consent of any labor organization acting as
the exclusive representative of employees of the authority whose
rights are governed by a collective bargaining agreement, the board
may enter into a contract to enroll those employees as members of the
California Public Employees' Retirement System (CalPERS) or another
retirement system.
(b) A contract to enroll employees in CalPERS shall be subject to
the provisions of Part 3 (commencing with Section 20000) of Division
5 of Title 2 of the Government Code and, where permitted by the law
governing that system, shall receive full reciprocity with public
employees' retirement systems in which they previously participated.
(c) Employees transferred from any existing retirement system or
pension plan to CalPERS or any other retirement system by operation
of this section shall receive benefits immediately after enrollment
in, or transfer to, the system that are equal to the benefits the
employees would have been entitled to immediately before enrollment
in, or transfer to, the system.