Go to Previous Versions of this Section
  1. 2025 Penn. Cons. Stat. (here)
  2. 2024 Penn. Cons. Stat.
  3. 2023 Penn. Cons. Stat.
  4. View All Versions

2025 Pennsylvania Consolidated & Unconsolidated Statutes
Title 71 - STATE GOVERNMENT
Chapter 59 - Administration, Funds, Accounts, General Provisions
Section 5939 - Interest reserve account

Universal Citation:
71 PA Cons Stat § 5939 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next
§ 5939. Interest reserve account.

The interest reserve account shall be the ledger account to which shall be credited all income earned by the fund and to which shall be charged all administrative and investment expenses incurred by the fund. At the end of each year the required interest shall be transferred from the interest reserve account to the credit of each of the accounts of the fund in accordance with the provisions of this subchapter. In addition, at the end of each accounting period, the interest reserve account shall be credited or charged with all recognized changes in the market valuation of the investments of the fund. The administrative and investment expenses of the board relating to the administration of the system and investments of the fund shall be paid from the fund out of earnings. Any surplus or deficit in the interest reserve account at the end of each year shall be transferred to the State accumulation account.

(Mar. 4, 1982, P.L.141, No.45, eff. imd.; June 12, 2017, P.L.11, No.5, eff. imd.)

Cross References. Section 5939 is referred to in section 5932 of this title.

Previous Next
Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.