513-5-1-.50

Ga. Comp. R. & Regs. r. 513-5-1-.50

Interest on Member Accounts

Effective Jun 16, 1994Published May 27, 1994O.C.G.A. Secs. 47-3-26, 47-3-44.RULES OF PUBLIC RETIREMENT SYSTEMS

Rule 513-5-1-.50. Interest on Member Accounts

Member accounts will be credited with 4-1/2% interest rather than 3-1/2% effective June 30, 1975. The interest credited will be based upon the previous June 30 balance.

Authority: O.C.G.A. Secs. 47-3-26, 47-3-44.

History. Original Rule entitled "Interest on Member Accounts" adopted. F. May 27, 1994; eff. June 16, 1994.