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Earlier editions: 2020-112018-112026-09

TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›PART 13. STATE TEACHERS' RETIREMENT SYSTEM 22000-25115›CHAPTER 2. Definitions 22100-22177

§ 22156.2

California Education Code · 2026-10 edition · updated 2026-10-04 · California

“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.

(Added by Stats. 1999, Ch. 939, Sec. 19. Effective January 1, 2000.)

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California Education Code

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