§5-10-41. Allowance of regular interest on balances in funds

Published: 2015

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WVC 5 - 10 - 41

§5-10-41. Allowance of regular interest on balances in funds.

The board of trustees shall, at the end of each calendar year,

allow and credit regular interest on the balance at the beginning

of that calendar year in each member's individual account in the

members deposit fund and on the mean balances in the employers

accumulation fund and the retirement reserve fund. The interest so

allowed and credited shall be charged to the income fund.

Note: WV Code updated with legislation passed through the 2015 Regular Session

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