(a) The net earnings of the fund must be allocated to the participant's account as of each valuation date.
(b) The value of each participant's account must be determined at least once annually in a manner prescribed by the Board.
(c) A participant shall receive a statement that displays the value, or balance, of the participant's account and summarizes any credits to the account or other transactions.
(d) A participant has a vested right to one hundred percent of the value of the participant's account. The right accrues when the person becomes a participant.
(e) The right of a participant to allocations to the participant's account is not subject to execution or any other process whatsoever, except to the extent permitted by this chapter, and is unassignable except as specifically provided under this chapter.