SECTIONS 12331-12338 - California Statutes

PUBLIC UTILITIES CODE

SECTION 12331-12338

12331. The board may prescribe the terms and conditions upon which
the officers and employees of the district or their beneficiaries
shall be entitled to benefits and the amounts thereof.

12332. The retirement allowance may be predicated in part upon
service rendered the district by a member prior to the establishment
of the retirement system, which service is known as "prior service."

12333. The board shall provide that both the district and the
members shall contribute to the retirement system. Based on tables
and assumptions adopted by the board, it shall fix the rates of
contributions by officers and employees of the district who are
members of the retirement system.

12334. All members of the retirement system shall contribute in the
manner and amount fixed by the board and such contributions may be
collected by deducting the amounts thereof from the salary, wages, or
compensation due such members.

12335. Liabilities accruing under the retirement system because of
benefits other than such as are the equivalent of contributions by
the members, with accumulated interest, shall be met by contributions
by the district. Prior service or other liabilities of the district
may be met by annual appropriations instead of by one appropriation
for the total of the liabilities; but until the present value of
regular contributions for current service, together with assets then
available, equals the present value of all allowances and benefits
granted or to be granted under the system, the appropriation for any
one year when added to any unused balance of any previous
appropriations for such purpose shall not be less than the amount
disbursed during that year on account of prior service or other
liabilities of the district.

12336. If any member withdraws from the retirement system prior to
retirement the total amount contributed by him with such interest as
may be credited thereto shall be returned to him; provided, however,
that the board may prescribe the terms and conditions upon which a
member, whose district service is terminated except by death or
retirement, may elect to leave his contributions and interest thereon
in the retirement fund, and the terms and conditions upon which a
retirement allowance may be made to him after such termination based
upon his contributions prior to such termination.

12337. All money received by any person as an annuity, pension,
retirement allowance, disability payment, or death benefit from the
retirement system, and all contributions and interest thereon
returned to any member of the retirement system, whether in the
actual possession of such person or deposited, loaned, or invested by
him, is unassignable, and is exempt from execution or any other
process except to the extent permitted by Section 704.110 of the Code
of Civil Procedure.

12337.5. Notwithstanding the provisions of Section 12337, the
retirement board may comply with and give effect to a revocable
written authorization signed by a retired member or beneficiary of a
retired member entitled to a retirement allowance or benefit under
this chapter, authorizing the district to deduct appropriate amounts
from the retirement allowance or benefit payable to any such retired
member or beneficiary of a retired member for the purpose of paying
premiums of any group medical or hospital service plan, or both,
approved by the district, for the benefit of such retired member or
his dependents, for the payment of personal income taxes to the
Government of the United States or of the State of California, or for
the purchase of shares in, or the payment of money to, the utility
district credit union.

12338. Nothing in this division shall prevent a district from
establishing a deferred compensation plan for some or all of its
officers and employees pursuant to Article 1.1 (commencing with
Section 53212) of Chapter 2 of Part 1 of Division 2 of Title 5 of the
Government Code.