Missouri Laws 86.053 – Regular actuarial investigation
Current as of: 2024 | Check for updates
|
Other versions
In the year 1933 and at least once in each five-year period thereafter the actuary shall make an actuarial investigation into the mortality, service and compensation experience of the members and beneficiaries of the retirement system and shall make a valuation of the assets and liabilities of the funds of the system and taking into account the results of such investigation and valuation the board of trustees shall:
(1) Adopt for the retirement system such mortality, service and other tables as shall be deemed necessary;
Terms Used In Missouri Laws 86.053
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2) Certify the rates of contribution payable by the members under the provisions of sections 86.010 to 86.193; and
(3) Certify the rates of contribution payable by the said cities in accordance with section 86.153.