“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.
Cal. Educ. Code § 22144.5
Definitions
Known as the E. Richard Barnes Act
The act spans §§ 22000–25115 (716 sections).
Added by Stats. 2000, Ch. 1021, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.