Interest on employer's account

Authority: IC 5-10.5-4-2; IC 36-8-8-5 Affected: IC 36-8-8-4 Sec. 2. Interest on Employer's Account. Annual interest shall be paid each year, on the prior year-end account balance at a rate determined by the 1977 Fund, on all accounts having a positive year-end balance. All accounts having a negative year-end account balance may be charged an interest rate determined by the 1977 Fund. (Board of Trustees of the Indiana Public Retirement System; 35 IAC 2-8-2; filed Aug 6, 1981, 2:30 p.m.: 4 IR 1806; readopted filed Oct 31, 2001, 2:21 p.m.: 25 IR 898; adopted Nov 9, 2007: 20071205-IR-035070818ONA)