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 (Repealed and added by Stats. 2007, Ch. 734, Sec. 2.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 […]
Section 66540.54.
66540.54. (a) The authority shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles as adopted by the Governmental Accounting Standards Board (GASB) of the Financial Accounting Foundation for both public reporting purposes and for reporting of activities to the Controller. (b) The authority shall contract with an independent certified public […]
Section 66540.55.
66540.55. The authority shall prescribe a method of securing employees, shall adopt rules and regulations governing the employment of employees, and shall prescribe the compensation to be paid to employees, including the provision of compensation based upon successful accomplishment of goals and objectives specified in advance. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective […]
Section 66540.56.
66540.56. Represented employees of the San Francisco Bay Area Water Transit Authority shall become employees of the authority and shall suffer no loss of employment or reduction in wages, health and welfare benefits, seniority, retirement benefits or contributions made to retirement plans, or any other term or condition of employment solely as a result of […]
Section 66540.57.
66540.57. The authority may establish a retirement system for the officers and employees of the authority and provide for the payment of annuities, pensions, retirement allowances, disability payments, and death benefits or any of them. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)