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KANSAS STATUTES AND CODES
72-1769a. Actuary; duties.
72-1769a
72-1769a. Actuary; duties.The board of education shall select and employ or retain a qualifiedactuary who shall serve at its pleasure as its technical advisor on mattersregarding the operation of the retirement fund. The actuary shall:
(a) At least once every three (3) years make a valuation of theliabilities and reserves of the retirement fund and a determination of thecontributions required by the retirement fund, to discharge itsliabilities, and recommend to the board of education rates of employeesalary assessment.
(b) Recommend actuarial tables for use in calculating actuarialequivalent values.
(c) Perform such other duties as may be assigned by the board.
History: L. 1967, ch. 384, § 8; July 1.