§ 49-11-503. Rate of interest on redeposits, adjustments, and delinquent payments.

Latest version.

The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:

(1) the interest rate as determined under a formula approved by the board; or

(2) the actuarial interest rate as of the preceding June 30.

Amended by Chapter 240, 2003 General Session

                    
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