Public Utilities Code section 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.

Source: Section 99272, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=99272. (updated Jan. 1, 1986; accessed Jul. 14, 2025).

Up to date

Verified:
Jul. 14, 2025

§ 99272's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_99272

Original Source: Section 99272, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=99272. (last accessed May 12, 2025).