[§88-46.6]  Erroneous contributions fromcompensation of class C members; contributions from overpaid compensation.  Regularinterest shall be credited to a class C member on any deductions erroneouslymade from the compensation of the member and paid into the annuity savingsfund.  The interest shall continue until the earlier of:

(1)  Refund of the deductions to the member; or

(2)  Return of the deductions to the member'semployer.

The foregoing shall not require the payment ofinterest on deductions made from any amounts that exceed the compensation towhich a member is entitled. [L 2007, c 215, §1]