8-34-505 - Rate of interest.
8-34-505. Rate of interest.
The board of trustees shall also determine from time to time the rate or rates of regular interest for use in all calculations, except as otherwise provided, which rate shall be subject to the approval of the council on pensions and insurance.
[Acts 1972, ch. 814, § 6; 1978, ch. 741, § 5; T.C.A., § 8-3928; Acts 1982, ch. 771, § 2.]