California Statutes
§ 99272. — 99272. (Amended by Stats. 1986, Ch. 988, Sec. 12.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 11. PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT·Ch. 4. CHAPTER 4. Transportation Development·Art. 4. ARTICLE 4. Claims for Funds
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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California § 99272. (99272. (Amended by Stats. 1986, Ch. 988, Sec. 12.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1986, Ch. 988, Sec. 12.