California Public Utilities Code

§ 99272

PUC § 99272Div. 10 · Part 11 · Ch. 4 · Art. 4

Statute text

An operator that has a private pension plan shall be eligible for allocations under this article, on and after July 1, 1976, only if the operator does both of the following:

(a)Conducts periodic actuarial studies of its employee pension plans to determine the annual cost of future pension benefits.

(b)Sets aside and invests, on a current basis, funds sufficient to provide for the payment of future pension benefits.

Legislative history

Amended by Stats. 1986, Ch. 988, Sec. 12.