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HomePublic Utilities CodeDiv. 10Pt. 16Ch. 5Art. 4§ 105172 Public Utility Pension Transfers

§ 105172 Public Utility Pension Transfers

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 105172 Public Utility Pension Transfers

This law lets people who get pensions from a company that was bought by the government join the government's pension plan if both sides agree. They might have to give up their old pension to do this.

Key Takeaways

  • •If a company is bought by the government, its workers can sometimes join the government's pension plan.
  • •Both the workers and the government have to agree to this change.
  • •Workers might have to give up their old pension benefits to switch.

Example

A water company is bought by the city, and its workers have their own pension plan.

The city and the workers can make a deal so the workers can switch to the city's pension plan, but they might have to give up their old pension benefits.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 105172 Public Utility Pension Transfers

All persons receiving pension benefits from an acquired public utility, and all persons entitled to pension benefits under any pension plan of the acquired public utility, may become members or receive pensions under a pension plan established by the district by mutual agreement of those persons and the district. The agreement may provide for the waiver of all rights, privileges, benefits, and status with respect to the pension plan of the acquired public utility. (Added by Stats. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.)

Last verified: January 11, 2026

Key Terms

pension benefitsacquired public utilitymutual agreementwaiver of all rights

Related Statutes

  • § 100372 Public Utility Pension Transfers
  • § 103442 Public Utility Pension Transfers
  • § 25056 Pension Benefits Transfer Agreement
  • § 28855 Public Utility Pension Transfers
  • § 100150 Construction Manager Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 105172.
View Official Source