California Public Utilities Code

§ 120523

PUC § 120523 Effective Jan 1, 2004Div. 11 · Ch. 5 · Art. 2

Statute text

(a)Any pension plan maintained by the board pursuant to this division for employees of the board who are members of a unit appropriate for collective bargaining shall be maintained pursuant to a collective bargaining agreement and this section.

(b)The pension plan and the funds of the plan shall be managed and administered by a retirement board composed of equal representation of labor and management. Any deadlock among the members of the board with respect to that management and administration shall be resolved in the manner specified in Section 302 of the federal Labor Management Relations Act, 1947 (29 U.S.C. Sec. 186(c)(5)).

(c)The duties and responsibilities of the retirement board shall be executed in accordance with Section 17 of Article XVI of the California Constitution.

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Legislative history

Added by Stats. 2003, Ch. 845, Sec. 3. Effective January 1, 2004.