West Virginia Statutes
§ 5-10-41 — Allowance of regular interest on balances in funds
West Virginia·Ch. 5 GENERAL POWERS AND AUTHORITY OF THE GOVERNOR, SECRETARY OF STATE AND ATTORNEY GENERAL; BOARD OF PUBLIC WORKS; MISCELLANEOUS AGENCIES, COMMISSIONS, OFFICES, PROGRAMS, ETC·Art. 10 WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT
The board of trustees shall, at the end of each calendar year, allow and credit regular interest on the balance at the beginning of that calendar year in each member's individual account in the members deposit fund and on the mean balances in the employers accumulation fund and the retirement reserve fund. The interest so allowed and credited shall be charged to the income fund.
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Legislative History
1999 Reg. Sess., SB516; 1998 Reg. Sess., HB4227; 1961 Reg. Sess., SB22