West Virginia § 5-10-41 Allowance of regular interest on balances in funds

West Virginia Statutes

§ 5-10-41 — Allowance of regular interest on balances in funds

West Virginia § 5-10-41

Ch. 5GENERAL POWERS AND AUTHORITY OF THE GOVERNOR, SECRETARY OF STATE AND ATTORNEY GENERAL; BOARD OF PUBLIC WORKS; MISCELLANEOUS AGENCIES, COMMISSIONS, OFFICES, PROGRAMS, ETC

Art. 10WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT

This text of West Virginia § 5-10-41 (Allowance of regular interest on balances in funds) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 5-10-41 (2026).

Text

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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