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Missouri Revised Statutes Title VII. Cities, Towns and Villages § 86.053. Regular actuarial investigation

Current as of January 01, 2025 | Updated by Findlaw Staff

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;

(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.

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Cite this article: FindLaw.com - Missouri Revised Statutes Title VII. Cities, Towns and Villages § 86.053. Regular actuarial investigation - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-vii-cities-towns-and-villages/mo-rev-st-86-053/

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