Code of Massachusetts Regulations
807 CMR - TEACHERS' RETIREMENT BOARD
Title 807 CMR 22.00 - Interest On Incorrect Payments
Section 22.02 - Timing of Payment
Universal Citation: 807 MA Code of Regs 807.22
Current through Register 1531, September 27, 2024
The Principal shall be paid, or collected as the case may be, together with interest thereon at a rate equal to the CPI-W index, as determined by the Commissioner for Social Security, for the year when the Principal amount should have been paid or not paid, such interest accruing on December 31st of that year and compounding annually on December 31st of each subsequent year.
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