California Public Utilities Code
Sec. § 99272


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.
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Last accessed
Jun. 6, 2016