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Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
55Interest on contributions
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### 55 Interest on contributions
> > (1) A member to whom this Part applies who makes contributions to the PRB Fund under [regulation 51](#GS51@EN) is entitled to the payment of interest on the amount of those contributions.
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> > (2) For the purposes of [subregulation (1)](#GS55@Gs1@EN) –
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> > > > (a) the interest on the amount of contributions must be at such rate and be subject to such conditions as the Commission, on the advice of the Actuary, determines; and
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> > > > (b) the rate of interest so determined may be either a positive or a negative rate of interest; and
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> > > > (c) the interest in respect of –
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> > > > > > (i) contributions paid before 1 July 1990 accrues on and after that day; and
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> > > > > > (ii) contributions paid on or after 1 July 1990 accrues on and after the day on which those contributions are paid; and
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> > > > (d) the interest ceases to accrue on the day that the Commission advises the contributor of the amount of any lump sum to which the contributor is entitled under [regulation 65](#GS65@EN) .