§ 36-10-2.1 - Actuarial cost method. - Rhode Island Statutes

SECTION 36-10-2.1

   § 36-10-2.1  Actuarial cost method. –(a) To determine the employer contribution rate for the State of Rhode Islandfor fiscal year 2002 and for all fiscal years subsequent, the actuary shallcompute the costs under chapter 10 of title 36 using the entry age normal costmethod.

   (b) The determination of the employer contribution rate forfiscal year 2002 and thereafter shall include a reamortization of the UnfundedActuarial Accrued Liability (UAAL) over a period not to exceed thirty (30)years.