5 CCR s 19830

Cal. Admin. Code tit. 5, s 19830

CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 1.5. EDUCATION AUDIT APPEALS PANEL
CHAPTER 3. AUDITS OF CALIFORNIA K-12 LOCAL EDUCATION AGENCIES
ARTICLE 3. STATE COMPLIANCE PROCEDURES: LOCAL EDUCATION AGENCIES OTHER
THAN
CHARTER SCHOOLS
This database is current through 02/09/07, Register 2007, No. 6
s 19830. Early Retirement Incentive.

(a) Obtain a copy of the certification required by Education Code sections
22714, 22714.5, and 44929 and verify that the school district received
approval from the county office of education or that the county office of
education received approval from the Superintendent of Public Instruction
as appropriate.

(b) Verify that the reason(s) contained in the certification are
consistent with the results of the early retirement incentive program.

(c) Verify the data disclosed as a result of the district's or county
office's adoption of the early retirement incentive program.

(d) Include a disclosure in the Notes to the Basic Financial Statements
that presents the number and type of positions vacated; the age, service
credit, salary, and, separately, the benefits of the retirees receiving
additional service credit; a comparison of the salary and benefits of each
retiree with the salary and benefits of the replacement employee, if any;
the resulting retirement cost, including interest, if any, and
postretirement health benefit costs, incurred by the employer.

Note: Authority cited: Section 14502.1, Education Code.
Reference: Sections 14502.1, 14503 and 41020, Education Code.

HISTORY

1. New section filed 3-15-2004 as an emergency; operative 3-15-2004
(Register
2004, No. 12). A Certificate of Compliance must be transmitted to OAL by
7-
13-2004 or emergency language will be repealed by operation of law on the
following day.

2. Certificate of Compliance as to 3-15-2004 order, including amendment of
subsection (a), transmitted to OAL 5-6-2004 and filed 6-23-2004 (Register
2004, No. 26).

5 CCR s 19830, 5 CA ADC s 19830
1CAC

5 CA ADC s 19830

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