Section 86.053

Title VII CITIES, TOWNS AND VILLAGES

Chapter 86

Effective - 28 Aug 1947   

  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.

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(RSMo 1939 § 9468, A.L. 1947 V. I p. 418)

Prior revision: 1929 § 8910