5505-5-04 Interest rate.

The annual compound interest rate to be used in computing service credit as defined in sections 5505.20, 5505.201, 5505.40, and 5505.25 of the Revised Code shall be the actuarial interest assumption rate adopted by the board.

Effective: 10/21/2005

R.C. 119.032 review dates: 08/05/2005 and 10/01/2010

Promulgated Under: 111.15

Statutory Authority: 5505.07

Rule Amplifies: 5505.16, 5505.20, 5505.201, 5505.40, 5505.25

Prior Effective Dates: 12/1/1987