§ 66540.59

Cal. Gov't Code § 66540.59

66540.59

Effective Jan 1, 2008Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.

Before establishing any retirement system, the authority shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the system, and the prospective assets and liabilities of the system.