California Education Code 24603 – If any estimated allowances under this part are more or less than the …
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If any estimated allowances under this part are more or less than the correct amount due, the difference between the correct amount and the estimated allowance shall be adjusted in subsequent payments or the Controller may state an account with the retired member, disabled member, or beneficiary, pursuant to § 12419 of the Government Code.
(Amended by Stats. 1998, Ch. 965, Sec. 205. Effective January 1, 1999.)
Terms Used In California Education Code 24603
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC