Statute · California Public Utilities Code
Cal. Pub. Util. Code § 99272 — Claims for Funds
Cal. Pub. Util. Code § 99272
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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:
Citator
Cal. Pub. Util. Code § 99272 — Claims for Funds is in force in the current edition of the Code, and nothing recorded condemns it.
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.