LAC 58:V.1305. Actuarial Equivalence [Formerly §2003]

A. The following provisions shall apply to the fund.: 1. The term actuarial equivalence or terms of similar import, wherever used, means a benefit of equivalent actuarial value determined by using the mortality assumptions and interest rates described herein. a. The mortality assumptions will be based upon the Pub-2016 for Public Safety healthy retirees, disabled retirees and contingent survivors (amount weighted mortality projected with Scale MP-2021, at 7.2 percent interest. b. For purposes of determining actuarial equivalence, the assumptions used as the basis for actuarial equivalence shall be reviewed periodically by the board and updated and amended if appropriate.