{"code":"EDC","codeName":"Education Code","section":"22156.2","citation":"Ed. Code, § 22156.2","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1"},{"name":"DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1/division-1"},{"name":"PART 13. STATE TEACHERS' RETIREMENT SYSTEM [22000. - 25115.]","url":"https://blackletter.si/education-code/title-1/division-1/part-13"},{"name":"CHAPTER 2. Definitions [22100. - 22177.]","url":"https://blackletter.si/education-code/title-1/division-1/part-13/chapter-2"}],"history":"Added by Stats. 1999, Ch. 939, Sec. 19.   Effective January 1, 2000.","effective":"2000-01-01","html":"<p>“Present value factor,” for purposes of Section <a href=\"/edc/22156.1\">22156.1</a>, 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.</p>","text":"“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.","otherVersions":[],"url":"https://blackletter.si/education-code/definitions-22156-2","source":"California Legislative Information bulk export (pubinfo)"}