California Government Code 22781 – “Prefunding” means the making of periodic payments by an employer or …
Current as of: 2024 | Check for updates
|
Other versions
“Prefunding” means the making of periodic payments by an employer or employee to partially or completely fund or amortize the actuarially determined normal costs or unfunded actuarial obligation of the employer for postemployment health care benefits provided to annuitants and their family members.
(Amended by Stats. 2015, Ch. 28, Sec. 3. (SB 98) Effective June 24, 2015.)
Terms Used In California Government Code 22781
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.