Cal. Pub. Util. Code § 99272

Current through the 2023 Legislative Session.

Section 99272 - Eligibility of operator with private pension plan

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.

Ca. Pub. Util. Code § 99272

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