86.243 Regular actuarial surveys — adoption of mortality tables — certification of ...

86.243. Regular actuarial surveys — adoption of mortality tables — certification of contribution rates. — At least once in each five-year period 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 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 said cities. (L. 1957 p. 256 § 14, A.L. 2000 H.B. 1808) Effective 7-01-00