Cal. Pub. Util. Code § 95806

Current through the 2024 Legislative Session.

Section 95806 - Establishment of qualified plan under Internal Revenue code

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.

Ca. Pub. Util. Code § 95806

Added by Stats. 1984, Ch. 968, Sec. 3. Effective September 10, 1984.