“Prefunding” means the making of periodic payments by an employer or employee to partially or completely fund or amortize the actuarially determined normal costs or unfunded actuarial obligation of the employer for postemployment health care benefits provided to annuitants and their family members.
Cal. Gov. Code § 22781
Definitions
Known as the Public Employees’ Medical and Hospital Care Act
The act spans §§ 22750–22948 (165 sections).
Amended by Stats. 2015, Ch. 28, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.