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Title VII CITIES, TOWNS AND VILLAGES

Chapter 87

Effective - 28 Aug 1959 bottom

  87.155.  Data and record to be kept — annual report. — 1.  The board of trustees shall keep in convenient form such data as is necessary for actuarial valuation of the funds of the retirement system and for checking the experience of the system.

  2.  The board of trustees shall keep a record of all its proceedings which shall be open to public inspection.  It shall publish annually a report showing the fiscal transactions of the retirement system for the preceding fiscal year, the amount of the accumulated cash and securities of the system, and the last balance sheet showing the financial condition of the system by means of an actuarial valuation of the assets and liabilities of the retirement system.

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(L. 1943 p. 708 § 5, A.L. 1959 S.B. 314 § 86.503)


---- end of effective   28 Aug 1959 ----

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