5505-5-04 Interest rate.

The annual compound interest rate to be used in computing service credit as defined in sections 5505.16 , 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: 02/01/2013
R.C. 119.032 review dates: 11/16/2012 and 02/01/2018
Promulgated Under: 111.15
Statutory Authority: 5505.07
Rule Amplifies: 5505.16 , 5505.20 , 5505.201 , 5505.40 , 5505.25
Prior Effective Dates: 10/21/2005, 12/1/1987