Education Code section 22156.2

“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.

Source: Section 22156.2, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=22156.2. (accessed May 4, 2025).

Last Updated

Apr. 24, 2025

§ 22156.2’s source at ca.gov

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Location: https://california.public.law/codes/education_code_section_22156.2

Original Source: Section 22156.2, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=22156.2. (last accessed Apr. 24, 2025).