Rhode Island General Laws 45-21-39. Credit of interest
Current as of: 2023 | Check for updates
|
Other versions
The retirement board shall annually allow regular interest, as may be prescribed by the retirement board, on the various reserves of the retirement system from the interest and dividends earned from investments.
History of Section.
P.L. 1951, ch. 2784, § 12; G.L. 1956, § 45-21-39; P.L. 1966, ch. 81, § 1.
Terms Used In Rhode Island General Laws 45-21-39
- board: means the state retirement board created by chapter 8 of Title 36. See Rhode Island General Laws 45-21-2
- Regular interest: means interest at the assumed investment rate of return, compounded annually, as may be prescribed from time to time by the retirement board. See Rhode Island General Laws 45-21-2
- Retirement system: means the "municipal employees' retirement system of the state of Rhode Island" as defined in §?45-21-32. See Rhode Island General Laws 45-21-2