101355-101359
PUBLIC UTILITIES CODE
SECTION 101355-101359
101355. Subject to Sections 101356 and 101357, the board shall provide for retirement benefits for the officers and employees of the district. 101356. (a) At its discretion, the board shall select one of the following plans to provide retirement benefits to officers and employees of the district: (1) By contracting with the retirement system maintained pursuant to the County Employees Retirement Law of 1937 or the Public Employees' Retirement Law. (2) By adopting a qualified plan and tax-exempt trust pursuant to Sections 401(a) and 501(a) of the Internal Revenue Code of 1954, as amended. (b) The adoption, terms, and conditions of any retirement system covering employees of the district represented by a labor organization shall be pursuant to the collective bargaining agreement between the labor organization and the district. 101357. (a) The board shall determine and classify the officers and employees who shall be eligible to participate in the retirement system. However, any action by the board shall be subject to the terms and regulations of a retirement system or plan selected by the board pursuant to subdivision (a) of Section 101356, and, in the case of employees of the district represented by a labor organization, subject to the collective bargaining agreement between the labor organization and the district. (b) The district and the labor organization representing the district's employees in a bargaining unit shall be equally represented in the administration of the retirement system. 101358. The retirement system provided for by this chapter shall not include the members of the board. 101359. As to the members of the retirement system provided for by this chapter, the board may provide for their coverage under Title II of the Federal Social Security Act, as amended, and the related provisions of the Federal Insurance Contributions Act, as amended, and the district may perform all acts necessary or convenient to accomplish such coverage.