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HomeGovernment CodeDiv. 5Pt. 3Ch. 2Art. 7§ 20227 Actuarial Statement Publication

§ 20227 Actuarial Statement Publication

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

§ 20227 Actuarial Statement Publication

Key Takeaways

  • •A money expert must check and share a report every two years about how much money is in the retirement fund.
  • •The report shows what the fund owns (like cash and investments) and what it owes.
  • •The expert can leave out old debts or money from past work and only show current work contributions.

Example

Imagine your school has a piggy bank for teachers' retirement money.

Every two years, a math expert counts all the money in the piggy bank and writes a report. They show how much money is there now but can skip counting old money from years ago.

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

Official Source
View on CA.gov

§ 20227 Actuarial Statement Publication

The actuary shall cause to be published, as of the date of the investigation and valuation made pursuant to Section 20131, a financial statement showing an actuarial valuation of the assets and liabilities of this system and a statement as to the accumulated cash and securities in the retirement fund as certified by the Controller. The actuary may omit from the statement, which shall be published as of July 1 of every other year, assets and liabilities resulting from prior service, and shall include assets and liabilities on account of current service in amounts equal only to accumulated contributions held on account of that service. (Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)

Last verified: January 22, 2026

Key Terms

actuarial valuationassets and liabilitiesaccumulated cash and securitiesretirement fundprior servicecurrent serviceaccumulated contributions

Related Statutes

  • § 20133 Actuarial Valuation Requirements
  • § 20225 Member Contribution Records
  • § 20228 Annual System Audit Requirements
  • § 20236 Legislative Bill Analysis
  • § 14715 Veterans’ Home Water Priority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 20227.
View Official Source