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HomeEducation CodeDiv. 1Pt. 13Ch. 31§ 24603 Pension Payment Adjustments

§ 24603 Pension Payment Adjustments

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 24603 Pension Payment Adjustments

Key Takeaways

  • •If the money given to retired or disabled people is wrong (too much or too little), it will be fixed later.
  • •The fix can happen in future payments or by checking the account.
  • •The government can adjust the payments to make sure the right amount is paid.

Example

A retired teacher gets $2,000 every month, but the government realizes they should only get $1,800.

The government will either take $200 less from the next payments or check the account to fix the mistake.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 24603 Pension Payment Adjustments

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 Section 12419 of the Government Code. (Amended by Stats. 1998, Ch. 965, Sec. 205. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

estimated allowancescorrect amount dueControllerSection 12419 of the Government Code

Related Statutes

  • § 24601 Estimated Payments For Claims
  • § 24602 Emergency Retirement Benefit Payments
  • § 24600 Retirement And Benefit Payments
  • § 24604 Benefit Payment Disbursement Options
  • § 24605 Replacement Warrant Issuance

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 24603.
View Official Source