Rhode Island General Laws 36-8-14. Annual valuation of assets and liabilities
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On the basis of such tables as the retirement board shall adopt, the actuary shall make an annual valuation of the assets and liabilities of the funds of the system created by this chapter.
History of Section.
P.L. 1936, ch. 2334, § 3; G.L. 1938, ch. 18, § 3; G.L. 1956, § 36-8-14.
Terms Used In Rhode Island General Laws 36-8-14
- 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.