Common use of Credited Interest Clause in Contracts

Credited Interest. For the purpose of determining refunds in the event of termination or death before retirement, an employee's own contributions shall be credited from July with interest compounded annually at a rate below the rate earned by the fund on its fixed income investments calculated at their book value.

Credited Interest. For the purpose of determining refunds in the event of termination or death before retirement, an employee's own contributions shall be credited from July 1, 1984 with interest compounded annually at a rate 1% below the rate earned by the fund on its fixed income investments calculated at their book value.

Credited Interest. For the purpose of determining refunds in the event of termination or death before retirement, an employee's ’s own contributions shall be credited from July 1, 1984 with interest compounded annually at a rate 1% below the rate earned by the fund on its fixed income investments calculated at their book value.