Sec.3-27a-4a. Participant interest distributions

Latest version.

(a) Participant interest shall be determined daily based on the actual earnings of the fund, net of administrative expenses, accounting adjustments, and allocations to the designated surplus reserve.
(b) Participant interest shall be computed on the basis of the actual number of days in the year (365 or 366).
(c) Participant interest shall be paid monthly by (1) check, (2) reinvestment or (3) other means approved by the Treasurer within five business days of the end of each month.

(Effective December 1, 1996; Amended September 13, 2016)

                    
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