California Government Code 20813 – The board may adopt an amortization period of 40 years for any …
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The board may adopt an amortization period of 40 years for any unfunded actuarial liability for the benefits applicable to all state miscellaneous members and all state peace officer/firefighter members.
(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
Terms Used In California Government Code 20813
- Amortization: Paying off a loan by regular installments.
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18