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 Jun. 9, 2025).

Last Updated

Jan. 1, 1986

§ 99272’s source at ca​.gov