§ 28-205. Regular interest

Latest version.

   Regular interest is payable on member contributions until retirement or withdrawal of accumulated contributions at the rate of:

   (1) 4% a year, compounded annually, for a member who has transferred from the Employees' Retirement System; or

   (2) 5% a year, compounded annually, for each other member.

HISTORY: An. Code 1957, art. 73B, § 10-207; 1994, ch. 6, § 2.

                    
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