Current through Register Vol. XLI, No. 24, June 14, 2024
Section 162-7-8 - Purchase of Service8.1. Other Purchases of Service. Unless otherwise specified, the rate of interest applicable to requests to purchase service in any of the retirement systems administered by the Board shall be the actuarial interest rate assumption as approved by the Board for completing the Actuarial Valuation for the plan year immediately preceding the first day of the plan year in which the purchase of service is made, compounded per annum.