§ 387 — Interest
Sacramento City Code (current through Supplement No. 4, July 2026, and Ord. 2026-0022) · Sacramento City Charter § 387
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§ 387 Interest.
At least annually, the board shall review the new investment earnings of the system on invested funds and shall determine the annual interest rate which shall be used in determining the amount of interest to be credited to contributions of the city, contributions of members and contributions of retired members. Said interest rate shall bear a reasonable relationship to the net rate of return from investments by the system as determined by the board. Upon determining the rate of interest to be credited, the board shall periodically cause such interest to be credited to such contributions. Any difference between net investment earnings of the system and the interest credited to contributions shall be credited to such fund or funds of the retirement system as may be determined by the board. (Adopted November 2, 1976)