Statute · California Education Code
Cal. Educ. Code § 22156.2 — Definitions
Cal. Educ. Code § 22156.2
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2000-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Present value factor,” for purposes of Section 22156.1, means an overall average rate based upon the demographics of members who recently retired under the Defined Benefit Program and regular interest that shall determine present value on the effective date of retirement.
Citator
Cal. Educ. Code § 22156.2 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Present value factor,” for purposes of Section 22156.1, means an overall average rate based upon the demographics of members who recently retired under the Defined Benefit Program and regular interest that shall determine present value on the effective date of retirement.