California Statutes
§ 22156.2. — 22156.2. (Added by Stats. 1999, Ch. 939, Sec. 19.)
California·Code EDC Education Code - EDC·Div. 1.·Title 1. DIVISION 1. GENERAL EDUCATION CODE PROVISIONS·Part 13. PART 13. STATE TEACHERS' RETIREMENT SYSTEM·Ch. 2. CHAPTER 2. Definitions
“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.
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California § 22156.2. (22156.2. (Added by Stats. 1999, Ch. 939, Sec. 19.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1999, Ch. 939, Sec. 19. Effective January 1, 2000.