PUBLIC UTILITIES CODE
SECTION 98180-98185
98180.  The board may establish a retirement system for the officersand employes of the district and provide for the payment ofannuities, pensions, retirement allowances, disability payments, anddeath benefits or any of them.98181.  The district may maintain its own retirement fund or mayprovide for benefits to eligible officers and employees, or theirbeneficiaries, by means of group insurance, or other insurance, or bysuch means as in the opinion of the board will satisfactorilyprovide an adequate and sure method of meeting the paymentscontemplated by the retirement system.98182.  Before establishing any retirement system the board shallsecure a report from a qualified actuary, which shall show the costof the benefits provided by the system, and the prospective assetsand liabilities of the system.98183.  The board may adopt all ordinances and resolutions andperform all acts necessary or convenient to the initiation,maintenance, and administrations of the retirement system.98184.  Nothing in this chapter prevents the district fromparticipation in and making all or part of its employees members ofthe State Employees' Retirement System by contract entered intobetween the district and the board of administration of the systemunder the State Employees' Retirement Law or from participating inthe Federal Social Security Act pursuant to Part 4 (commencing withSection 22000), Division 5, Title 2 of the Government Code, and thedistrict may perform all acts necessary or convenient for suchparticipation. Nothing in this chapter shall prevent the districtfrom participating in and making all of its employees members of theSanta Cruz County Employees' Retirement System.98185.  The board may classify and determine the officers andemployees who shall be included as members in the retirement systemand may change the classification from time to time. Membership ofall officers and employees so classified and included in theretirement system is compulsory. The retirement system shall notapply to members of the board.