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Title VII CITIES, TOWNS AND VILLAGES

  Chapter 86back to chapter 86

  86.160.  Accrued liability contribution rate. — Immediately succeeding the first valuation the actuary engaged by the board of trustees shall compute the rate percent of the total earnable compensation of all members which is equivalent to four percent of the amount of the total pension and death benefit liability on account of all members and beneficiaries which is not dischargeable by the aforesaid normal contribution made on account of such members during the remainder of their active service.  The rate percent originally so determined shall be known as "the accrued liability contribution rate".

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(RSMo 1939 § 9471)

Prior revision: 1929 § 8913


< end of effective 28 Aug 1939 >

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