§ 36-8-13 - Periodic actuarial investigations and valuations – Adoption of tables and rates. - Rhode Island Statutes

SECTION 36-8-13

   § 36-8-13  Periodic actuarialinvestigations and valuations – Adoption of tables and rates. – Every year beginning with the year 1976, the actuary shall make an actuarialinvestigation into the mortality, service, and compensation experience of themembers and beneficiaries of the retirement system, and shall make a valuationof the assets and liabilities of the system, and, taking into account theresult of the investigation and valuation, the retirement board shall:

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

   (2) Certify the rates of contribution payable by the state ofRhode Island to carry out the provisions of chapters 8 – 10 of this titlein accordance with the provisions of § 36-10-2.