New York, for example, says it depends on interest earnings to pay half of its big prizes.

It annually provides the school with the interest earnings for distribution to programs.

The interest earnings will also be protected from Federal income taxes until the money is withdrawn.

Additional financing came from interest earnings, state funding, and federal grants.

That is because no two companies define their interest earnings, mortality experience and expenses exactly the same way.

After 2022, the Trustees report annual spending on benefits will exceed interest earnings.

But is still some £20m lower than a year ago, and interest earnings fell 27 p.c. to £6 m.

Interest earnings on accounts also provide nontax income to the district.

He is spending about $31,700 a year, including taxes, on pretax income and interest earnings that total $26,500.

A gain in interest earnings accounted for most of the bank's improved profits.