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HomePublic Utilities CodeDiv. 10Pt. 12Ch. 6Art. 3§ 100372 Public Utility Pension Transfers

§ 100372 Public Utility Pension Transfers

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

§ 100372 Public Utility Pension Transfers

This law lets people who get a pension from a public utility that was bought join a new pension plan set up by the VTA, if they and the VTA agree, and they can give up their old pension rights.

Key Takeaways

  • •People with pensions from a bought‑out public utility can join the VTA pension plan.
  • •Joining the VTA plan requires a mutual agreement between the person and the VTA.
  • •The agreement can let the person give up all rights and benefits from the old utility’s pension.

Example

Maria works for a city water company that gets bought by another agency. She currently gets a pension from the water company. She can choose to move her pension to the VTA’s pension plan if she and the VTA agree, even if that means she gives up some of the benefits she had before.

Maria talks with the VTA, they make an agreement, and she switches to the VTA pension plan, possibly losing some of the old plan’s perks.

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

Official Source
View on CA.gov

§ 100372 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 VTA by mutual agreement of the persons and the VTA. 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. (Amended by Stats. 2016, Ch. 381, Sec. 82. (AB 2196) Effective January 1, 2017.)

Last verified: January 11, 2026

Key Terms

pension benefitsacquired public utilityVTAmutual agreementwaiver of all rights

Related Statutes

  • § 103442 Public Utility Pension Transfers
  • § 105172 Public Utility Pension Transfers
  • § 25056 Pension Benefits Transfer Agreement
  • § 100351 Pension Rights In Acquisitions
  • § 28855 Public Utility Pension Transfers

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 100372.
View Official Source