86.160. Accrued liability contribution rate. - Missouri Statutes

Accrued liability contribution rate.

86.160. Immediately succeeding the first valuation theactuary engaged by the board of trustees shall compute the ratepercent of the total earnable compensation of all members whichis equivalent to four percent of the amount of the total pensionand death benefit liability on account of all members andbeneficiaries which is not dischargeable by the aforesaid normalcontribution made on account of such members during the remainderof their active service. The rate percent originally sodetermined shall be known as "the accrued liability contributionrate".

(RSMo 1939 § 9471)

Prior revision: 1929 § 8913