(A) The Retirement Commission shall, at the end of each fiscal year, allow and credit regular interest computed on the member’s individual balances in the Annuity Savings Fund at the beginning of the fiscal year; and on the mean assets in the Pension Reserve Fund and the Retirement Reserve Fund. The amounts of interest so allowed and credited shall be charged to the Income Fund.
(B) Further, upon the death, retirement or termination of membership from the retirement system, the member shall receive regular interest prorated from the beginning of the current fiscal year to the end of the month preceding said member’s death, retirement or termination of membership, effective 10-1-1978. The amount of interest so allowed and credited shall be charged to the Income Fund.
(Prior Code, § 2-241) (Ord. 368, passed 9-25-1967; Ord. 634, passed 5-7-1979)