Compilation of Rules and Regulations of the State of Georgia
Department 513 - RULES OF PUBLIC RETIREMENT SYSTEMS
Chapter 513-12 - DISTRICT ATTORNEYS RETIREMENT SYSTEM
Subject 513-12-1 - ADMINISTRATIVE RULES
Rule 513-12-1-.04 - Calculation of Interest on Refunds
Universal Citation: GA Rules and Regs r 513-12-1-.04
Current through Rules and Regulations filed through March 20, 2024
Contributions on deposit of receivable as of June 30 shall earn interest at the statutory rate. Interest shall be credited on the succeeding June 30 provided the contributions are still on deposit and the member is still actively employed. Interest so credited shall be deemed a contribution on deposit as of that June 30 to earn interest the following fiscal year.
O.C.G.A. Sections 47-13-22 and 47-13-73.
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