Friday, June 28, 2013 is the last business day of both the 2012-2013 school year and the State of Connecticut’s fiscal year.  Voluntary Account deposits that are mailed or personally delivered to the Teachers’ Retirement Board (TRB) office must be received on or before the last business day of June so that they can be deposited into the bank and properly reflected in the TRB and State accounting systems in the fiscal year ending June 30, 2013, which means that they will be credited or charged with the investment rate of return (which may be positive or negative) on June 30, 2014.  Items received after June 28, 2013 will be recorded in July, 2013 which means that they will not be credited or charged with the investment rate of return until June 30, 2015. 

Click here to see Credited Interest Rates from 1963-2012 (PDF 49KB).  The TRB changed the method of determining the return on the Voluntary Account from a smoothed rate of return (an average of sorts) to a real rate of return (actual investment earnings or losses for current year) effective July 1, 2007.