If an employer reports erroneous information, the system shall calculate the actuarial present value of the expected payments from the participant or beneficiary pursuant to Sections 22008 and 24617. The employer shall pay the difference between the total amount of the overpayment and the calculation of the actuarial present value of expected payments.
(Added by Stats. 2010, Ch. 207, Sec. 28. (AB 2260) Effective January 1, 2011.)
Last modified: October 25, 2018