Section 99272 Of Article 4. Claims For Funds From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 4.

. 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.