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Section 22177 Of Chapter 2. Definitions From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 2.
22177
. (a) "Unfunded actuarial obligation," with respect to the
Defined Benefit Program, means that portion of the actuarial present
value of benefits that is not provided for by future, normal costs or
covered by the actuarial value of assets attributable to the Defined
Benefit Program, based on assumptions adopted by the board pursuant
to Section 22311.5.
(b) "Unfunded actuarial obligation," with respect to the Defined Benefit Supplement Program, means that portion of the actuarial present value of benefits that is not provided for by future, normal costs or covered by the actuarial value of assets attributable to the Defined Benefit Supplement Program, based on assumptions adopted by the board pursuant to Section 22311.5.
(b) "Unfunded actuarial obligation," with respect to the Defined Benefit Supplement Program, means that portion of the actuarial present value of benefits that is not provided for by future, normal costs or covered by the actuarial value of assets attributable to the Defined Benefit Supplement Program, based on assumptions adopted by the board pursuant to Section 22311.5.
