TITLE 7.1. METROPOLITAN TRANSPORTATION COMMISSION 66500-66536.2›CHAPTER 4. Governing Body 66540.12-66540.25›ARTICLE 5. Employee Benefits and Retirement System 66540.55-66540.68
§ 66540.59
California Government Code · 2026-09 edition · updated 2026-09-27 · California
Before establishing any retirement system, the authority shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the system, and the prospective assets and liabilities of the system.
(Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code