TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER aaa: PENSIONS
PART 4450 MISTAKE IN BENEFIT UNDER ARTICLE 3 AND ARTICLE 4 PENSIONS
SECTION 4450.10 PURPOSE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER aaa: PENSIONS
PART 4450 MISTAKE IN BENEFIT UNDER ARTICLE 3 AND ARTICLE 4 PENSIONS
SECTION 4450.10 PURPOSE
Section 4450.10 Purpose
This Part prescribes the annual interest rate payable by a pension fund when a benefit was mistakenly set too low and the process to be followed in rectifying the underpayment of benefits.