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What is the rate of interest to be paid the member on his accrued account during the DROP period?

April 26, 2017account accrued drop paid period rate

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What is the rate of interest to be paid the member on his accrued account during the DROP period?

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Per A. R. S. 38-844.05 the interest rate is set at a rate equal to the assumed rate of return determined by the fund manager. It is currently 8.5% per year, credited monthly. The DROP amount will be calculated at the beginning of the DROP period.