California · Government Code
GOV §20468: The approximate and actual contributions are similar to premiums under insurance policies.
Read the full statutory text
The approximate and actual contributions are similar to premiums under insurance policies. The approximate contribution quoted by the board to the public agency is subject to the contingency that the actual contribution certified by the board after the approval of a contract may differ from the approximate contribution because of: (a) Change in number or salaries of employees included. (b) Change in prior service benefits. (c) Time elapsed between the quotation and effective date of the contract. (d) Change in effective date of membership. (e) Change in manner of determining contributions. (f) Any changes in the facts or assumptions upon which the quotation was based.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.