§ 99272
70 words·~1 min read·
/ca/public-utilities-code/99272A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.