GroundRules
PUC § 99272
Where this section sits in the code
- Public Utilities Code - PUC
- DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]
- PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT [99150. - 99582.]
- CHAPTER 4. Transportation Development [99200. - 99420.]
- ARTICLE 4. Claims for Funds [99260. - 99273.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON