Current through Register Vol. XLI, No. 24, June 14, 2024
Section 162-7-2 - Relationship to Prior Interest Rules2.1. This Rule is intended to replace any and all Rules which may have been, prior to the effective date of this Rule, previously adopted or promulgated by the Board regarding the attachment of interest on the referenced plan transactions. Any and all prior Rules are hereby repealed to the extent they are inconsistent with the provisions of this Rule.2.2. This Rule and the interest rates specified are applicable to plan transactions which occur after June 30, 2000.2.3. To the extent that the Board determines that any provisions of this Rule are in conflict with the provisions of an analogous state retirement system statute, the statutory law prevails and shall be applied.