California Statutes
§ 26101. — 26101. (Added by Stats. 1995, Ch. 592, Sec. 16.)
California·Code EDC Education Code - EDC·Div. 1.·Title 1. DIVISION 1. GENERAL EDUCATION CODE PROVISIONS·Part 14. PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM·Ch. 2. CHAPTER 2. Definitions
“Actuarial equivalent” means a benefit that has the same present value as the benefit it replaces based on interest rates and mortality tables recommended by the actuary and adopted by the board as a plan amendment.
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California § 26101. (26101. (Added by Stats. 1995, Ch. 592, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.