Sec. 2. Actuarial Investigation and Audit of Accounts. After the board receives the petition:

(1) the actuary shall determine the actuarial soundness of the retirement system; and

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Terms Used In Indiana Code 5-10.3-9-2

  • Board: as used in this article means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.3-1-1
(2) the state board of accounts shall audit the records and accounts of the retirement system.

As added by Acts 1977, P.L.53, SEC.3.