§ 22162 Defined Benefit Interest Rate

Education Code·California

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Key Takeaways

•Regular interest is the expected rate of return on investments for the Defined Benefit Program.
•The board sets this interest rate every year.
•This rule started on July 1, 2010.

Example

If you have a retirement account with the Defined Benefit Program, the interest you earn on your investments is decided by the board every year.

The board looks at how much they expect to make from investments and sets the interest rate based on that. This helps decide how much your retirement money will grow each year.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 22162 Defined Benefit Interest Rate

“Regular interest” means interest that is equal to the actuarially assumed rate of return on investments on assets of the Defined Benefit Program. The regular interest rate shall be adopted annually by the board as a plan amendment with respect to the Defined Benefit Program. This section shall become operative on July 1, 2010. (Repealed (in Sec. 1) and added by Stats. 2009, Ch. 249, Sec. 2. (AB 654) Effective January 1, 2010. Section operative July 1, 2010, by its own provisions.)

Last verified: January 23, 2026

Key Terms

regular interest actuarially assumed rate of return Defined Benefit Program

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 22162.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References