{"code":"PUC","codeName":"Public Utilities Code","section":"99272","citation":"Pub. Util. Code, § 99272","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT [99150. - 99582.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11"},{"name":"CHAPTER 4. Transportation Development [99200. - 99420.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4"},{"name":"ARTICLE 4. Claims for Funds [99260. - 99273.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4/article-4"}],"history":"Amended by Stats. 1986, Ch. 988, Sec. 12.","effective":null,"html":"<p>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:</p><p>(a) Conducts periodic actuarial studies of its employee pension plans to determine the annual cost of future pension benefits.</p><p>(b) Sets aside and invests, on a current basis, funds sufficient to provide for the payment of future pension benefits.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/claims-for-funds-99272","source":"California Legislative Information bulk export (pubinfo)"}