California Public Utilities Code

§ 99159

PUC § 99159 Effective Jan 1, 2004Div. 10 · Part 11 · Ch. 3

Statute text

(a)Any retirement system established or maintained pursuant to this division for employees of a transit district who are members of a unit appropriate for collective bargaining shall be maintained pursuant to a collective bargaining agreement and this section.

(b)Notwithstanding any other provision of this division, the retirement system and the funds of the system 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.

…

Legislative history

Added by Stats. 2003, Ch. 845, Sec. 2. Effective January 1, 2004.