22 Pa. Code § 215.23 - Member's savings account
(a)
Interest is credited to each member's savings account during active or inactive
service and also during the period a vestee retains vested credits. Interest is
not credited to a member's savings account if the member has terminated service
or has been an inactive member over 2 years and is not eligible for vested
benefits. The rate of interest when credited is the statutory rate of 4% per
annum.
(b) Retirement Code
reference: Section 8523 of the Retirement Code (relating to member's savings
account).
Notes
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