"Actuarial equivalent" means a benefit that has the same present value as the benefit it replaces based on interest rates and mortality tables recommended by the actuary and adopted by the board as a plan amendment.
Ca. Educ. Code § 26101
"Actuarial equivalent" means a benefit that has the same present value as the benefit it replaces based on interest rates and mortality tables recommended by the actuary and adopted by the board as a plan amendment.
Ca. Educ. Code § 26101