California Education Code 24400 – The Legislature recognizes that inflation erodes the purchasing power …
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The Legislature recognizes that inflation erodes the purchasing power of benefits paid under the plan under this part. It is the intent of the Legislature to understand the degree of erosion of these benefits.
(Amended by Stats. 2012, Ch. 728, Sec. 31. (SB 71) Effective January 1, 2013.)