Indiana Statutes
§ 33-39-7-14 — Interest credits
(a)Interest shall be credited at least annually
on or before June 30 at a rate specified by rule by the board on all
amounts credited to the member as of June 30 of the preceding year.
(b)Contributions begin to accumulate interest at the beginning of
the fiscal year after the year in which the contributions are due.
(c)When a member retires or withdraws, a proportional interest
credit determined under this chapter shall be paid for the period
elapsed since the last date on which interest was credited.
[Pre-2004 Recodification Citation: 33-14-9-12.5.]
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Legislative History
As added by P.L.98-2004, SEC.18. Amended by P.L.16-2011,
SEC.10; P.L.92-2021, SEC.14.
Nearby Sections
15
§ 33-22-1-1
"Prior law" defined§ 33-22-1-2
Purpose of recodification§ 33-22-1-3
Statutory construction of recodification§ 33-22-1-4
Effect of recodification§ 33-22-1-5
Recodification of prior law§ 33-22-1-6
References to repealed statutes§ 33-22-1-7
References to citations§ 33-22-1-8
References to prior rules§ 33-22-1-9
References to prior law§ 33-23-1-1
Application§ 33-23-1-10
Offense§ 33-23-1-10.5
"User fee"§ 33-23-1-11
Vacancy§ 33-23-1-2
Chairperson§ 33-23-1-3
Commission on judicial qualifications