All interest and other earnings on money and investments of the retirement system shall be credited to the pension reserve fund. The Board of Trustees shall, at the end of each fiscal year, allow regular interest on the members’ individual balances in the employee savings fund at the beginning of the fiscal year; and on the mean assets credited to the retirement reserve fund. The amounts of interest so credited to the employee savings fund and the retirement reserve fund shall be charged to the pension reserve fund.
(Ord. 1860, passed 8-16-1965)