Cal. EDC § 22144.5
This is the official text of Cal. EDC § 22144.5, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
“Liability gains and losses” means the difference between actual noninvestment related experience and the experience expected based upon a set of noninvestment related actuarial assumptions during the period between two actuarial valuation dates, as determined in accordance with assumptions adopted by the board pursuant to Section 22311.5.
Status: in_force · Read it on the official government site
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