TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM 26000-28101›CHAPTER 14. Distribution of Benefits 27300-27303.5

§ 27303.5

California Education Code · 2026-09 edition · updated 2026-10-03 · California

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 Sections 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.

(Added by Stats. 2010, Ch. 207, Sec. 28. (AB 2260) Effective January 1, 2011.)

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