Education Code section 24618

Losses or gains resulting from overpayment or underpayment of contributions or other amounts under this part within the limits set by the Department of General Services for automatic writeoff, and losses or gains in greater amounts specifically approved for writeoffs by the Department of General Services, shall be debited or credited, as the case may be, to the appropriate reserve in the retirement fund.

Source: Section 24618, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=EDC§ionNum=24618.­ (updated Jun. 27, 2016; accessed Nov. 3, 2025).

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Verified:
Nov. 3, 2025

§ 24618's source at ca​.gov