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Legal Resources | Education Code |  EC  22144.5  

Liability Gains and Losses   

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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.

(Added by Stats 2000, Ch. 1021, Sec. 6)

Reference:

Education Code 22311.5