As of each valuation date, the net gain or net loss of each investment fund shall be allocated among salary deferral contribution accounts in the same ratio that the balance in each such salary deferral contribution account as of the next preceding valuation date invested in such investment fund, less withdrawals and distributions therefrom subsequent to the next preceding valuation date, bears to the total amount of all salary deferral contribution account balances invested in such investment fund as of such next preceding valuation date, decreased by all such subsequent withdrawals and distributions therefrom.
(Ord. MET 86-13, passed 5-30-1986)