Education Code section 27303.5

If an employer reports erroneous information, the system shall calculate the actuarial present value of the expected payments from the participant or beneficiary pursuant to Section 22008 and 24617. The employer shall pay the difference between the total amount of the overpayment and the calculation of the actuarial present value of expected payments.

Source: Section 27303.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=EDC§ionNum=27303.­5.­ (updated Jan. 1, 2011; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 27303.5's source at ca​.gov