Education Code section 22144.5

“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.

Source: Section 22144.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=EDC§ionNum=22144.­5.­ (updated Jan. 1, 2001; accessed Sep. 14, 2026).

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Verified:
Sep. 21, 2026

§ 22144.5's source at ca​.gov