Cal. Government Code § 20574
Cal. Government Code § 20574
California · California Government Code · Status: effective · Effective 2004-01-01
Cite this
- Citation
- Cal. Government Code § 20574, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/840656
- Permanent ID
ys:prov:840656@1- SHA-256
d7676113cc0d5b2142dbba64c8c1b92a61e8597ce5f5f1e10e84e40b59eff167
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A terminated agency shall be liable to the system for any deficit in funding for earned benefits, as determined pursuant to Section 20577, interest at the actuarial rate from the date of termination to the date the agency pays the system, and for reasonable and necessary costs of collection, including attorney’s fees. The board shall have a lien on the assets of a terminated contracting agency, subject only to a prior lien for wages, in an amount equal to the actuarially determined deficit in funding for earned benefits of the employee members of the agency, interest, and collection costs. The assets shall also be available to pay actual costs, including attorneys’ fees, necessarily expended for collection of the lien.