43:6A-35 - Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds - New Jersey Statutes

43:6A-35.  Retirement system;  interest on balance in contingent reserve, annuity savings and retirement reserve funds
    The retirement system at the end of each fiscal year shall allow interest on  the balance of the contingent reserve fund, the annuity savings fund, and the  retirement reserve fund as of the beginning of said fiscal year at the regular  interest rate applicable thereto to cover the interest creditable to the  respective funds for the year.  The amount so allowed shall be due and payable  to said funds and shall be credited annually.

     L.1973, c. 140, s. 35, eff. May 22, 1973.  Amended by L.1981, c. 470, s. 16, eff. Jan. 19, 1982.