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Code · California · Education Code

§ 22144.5

47 words·~1 min read·/ca/education-code/22144-5

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“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.
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