§ 22144.5

Added by Stats. 2000, Ch. 1021, Sec. 6. Effective January 1, 2001.

“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.

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