Examples of Credited Interest in a sentence
Credited Interest Rate– Defined Benefit (DB) Program Credited interest, as defined by Section 22120 of the Education Code, is interest that is credited to members' accounts at a rate set annually by the board.
Credited Interest, determined in accordance with Section 6.05, shall be added to it.
Credited Interest on such contributions was allocated at least annually to the Member's individual account.
If at the time of an Exporting Transfer the Member has any Excess Employee Contributions, such Excess Employee Contributions shall be paid to the Member with Credited Interest thereon.
With respect to benefits for periods of Pensionable Service accrued prior to the Conversion Date, in the event of the death of a Member before commencing receipt of a retirement pension and before completing 2 years of Plan Membership, a lump sum death benefit shall be payable to the Member's Spouse, or if there is no Spouse to the Member's beneficiary or estate, equal to the Member's own contributions to the Plan and Prior Plan plus Credited Interest thereon.