§ 50125 Pension Benefits Transfer Agreement

Public Utilities Code·California

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Key Takeaways

•If a public utility company is bought by a district, its workers can keep their pension benefits.
•The workers and the district must agree on how to handle the pensions.
•Workers can join the district's retirement system if they want.

Example

A water company is bought by the city. The water company's workers have pensions.

The city and the workers can agree to let the workers keep their pensions or join the city's retirement plan.

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

Official Source

View on CA.gov

§ 50125 Pension Benefits Transfer Agreement

All persons receiving pension benefits from such acquired public utility and all persons entitled to pension benefits under the pension plan of such acquired public utility may become members or receive pensions under the retirement system established by the district by mutual agreement of such persons and the district. (Added by Stats. 1963, Ch. 839.)

Last verified: January 23, 2026

Key Terms

agreement retirement pension benefit utility

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 50125.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References