40-45-16. Increase of assessments by city having police retirement system based upon actuarial tables

40-45-16. Increase of assessments by city having police retirement system based upon actuarial tables. If the mill levy provided for in section 40-45-01, together with contributions from beneficiaries and funds received from other sources as provided in this chapter, is inadequate or insufficient to establish a retirement system based upon actuarial tables, the governing body, in order to establish such system upon an actuarial basis, may increase the amount of the contributions from beneficiaries.