296.29 CREDIT OF INTEREST.

All interest and other earnings on moneys and investments of the retirement system shall be credited to the Annuity Reserve Fund. The Retirement Board shall, at the end of each fiscal year after June 30, 1957, allow regular interest on the members' individual balances in the Annuity Savings Fund at the beginning of the fiscal year. The amounts of interest so credited to the Annuity Savings Fund shall be charged to the Annuity Reserve Fund.

(1979 Code Sec. 2.80.310)

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