§ 114-202. Member account interest.

Latest version.

Interest shall be credited to each member account as of each December 31st, at the rate determined by the trustees from time to time. Such crediting shall cease upon the earlier of (A) the date on which no amount is credited to such account, (B) a member's death or retirement date or other commencement of benefits hereunder, or (C) five years after his separation from service, if such member is credited with less than five years of creditable service as of his separation date.

(M.C.S., Ord. No. 26460, § 2, 6-18-15)

                    
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