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:


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


Sets aside and invests, on a current basis, funds sufficient to provide for the payment of future pension benefits.
Last accessed
Jun. 6, 2016