86.110. Interest on funds. - Missouri Statutes

Interest on funds.

86.110. The board of trustees annually shall allow regularinterest on the mean amount for the preceding year in each of thefunds with the exception of the expense fund. The amount soallowed shall be due and payable to said funds and shall beannually credited thereto by the board of trustees from interestand other earnings on the moneys and other assets of theretirement system. Any additional amount required to meet theinterest on the funds of the retirement system shall be paid bythe said cities and any excess of earnings over such amountrequired shall be deductible from the amount to be contributed bythe said cities.

(RSMo 1939 § 9470)

Prior revision: 1929 § 8912