86.243. Regular actuarial surveys--adoption of mortality tables--certification of contribution rates. - Missouri Statutes

Regular actuarial surveys--adoption of mortality tables--certificationof contribution rates.

86.243. At least once in each five-year period the actuary shall makean actuarial investigation into the mortality, service and compensationexperience of the members and beneficiaries of the retirement system andshall make a valuation of the assets and liabilities of the system andtaking into account the results of such investigation and valuation theboard of trustees shall:

(1) Adopt for the retirement system such mortality, service and othertables as shall be deemed necessary;

(2) Certify the rates of contribution payable by the said cities.

(L. 1957 p. 256 § 14, A.L. 2000 H.B. 1808)

Effective 7-1-00