Rhode Island General Laws Title 36. Public Officers and Employees § 36-12.1-18. Periodic actuarial investigations and valuations

(a) Every two years beginning with fiscal year 2012 on a schedule in accordance with generally accepted accounting principles, the actuary shall make an actuarial investigation into the mortality, service, and compensation experience of the members and beneficiaries of the OPEB System, and shall make a valuation of the assets and liabilities of the system, and, taking into account the result of the investigation and valuation, the OPEB Board shall:

(b) On the basis of such tables as the OPEB Board shall adopt, the actuary shall make a valuation of the liabilities of the funds of the system created by this chapter and the investment advisor or investment manager appointed by the OPEB Board shall make a valuation of the assets of the OPEB System.