California Education Code

§ 26702

EDC § 26702 Effective Jan 1, 1999Div. 1 · Title 1 · Part 14 · Ch. 8

Statute text

(a)For the purpose of payments into or out of the fund for adjustments of errors or omissions with respect to the Cash Balance Benefit Program, the period of limitation shall be applied as follows:

(1)No action may be commenced by or against the board, the system, or the plan more than three years after all obligations to or on behalf of the participant or beneficiary have been discharged.

(2)In cases where the system makes an error resulting in incorrect payment to the participant or beneficiary, the system’s right to commence recovery shall expire three years from the date of payment.

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Legislative history

Amended by Stats. 1998, Ch. 1048, Sec. 44. Effective January 1, 1999.