Section 66540.62.
66540.62. The board may also contract with the Board of Administration of the Public Employees’ Retirement System for participation in the Federal Social Security Act and may perform all acts necessary or convenient for that participation. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Section 66540.63.
66540.63. The board may classify and determine the officers and employees who shall be included as members in the retirement system and may change the classification from time to time. Membership of all officers and employees so classified and included in the retirement system is compulsory. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective […]
Section 66540.64.
66540.64. The board may prescribe the terms and conditions upon which the officers and employees of the authority or their beneficiaries shall be entitled to benefits and the amounts thereof. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Section 66540.65.
66540.65. Any pension or retirement system adopted by the board shall be on a sound actuarial basis and provide for contributions by both the authority and the employee members of the system which shall be based on percentage of payroll to be changed only by adjustments on account of experience under the system. (Added by […]
Section 66540.66.
66540.66. Contributions shall be in amounts that shall accumulate at retirement a fund sufficient to carry out the promise to pay benefits to the individual on account of his or her service as a member of the system, without further contributions from any source. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, […]
Section 66540.67.
66540.67. Nothing in any pension or retirement system or plan shall prevent the board from, at any time, amending, changing, modifying or terminating any provision for benefits, participation, or contributions thereto or thereunder. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Section 66540.52.
66540.52. The authority may insure against loss of revenues from any cause whatsoever. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
Section 66540.68.
66540.68. (a) This article does not apply to any employees of the authority in a bargaining unit that is represented by a labor organization, except as to the protection of the rights of those employees that were employees of the San Francisco Bay Area Water Transit Authority as specifically provided in Section 66540.56. (b) The adoption, terms, […]
Section 66540.53.
66540.53. The authority may insure against public liability or property damage, or both. It may provide in the proceedings authorizing the issuance of any bonds for the carrying of such or any other insurance, in such amount and of such character as may be specified, and for the payment of the premiums thereon. (Added by […]
Section 66540.69.
66540.69. If any chapter, article, section, subdivision, subsection, sentence, clause, or phrase in this title, or the application thereof to any person or circumstances, is for any reason held invalid, the validity of the remainder of the title, or the application of such provision to other persons or circumstances, shall not be affected thereby. The […]