86.053 Regular actuarial investigation.

86.053. Regular actuarial investigation. — 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 . (RSMo 1939 § 9468, A.L. 1947 V. I p. 418) Prior revision: 1929 § 8910