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Section 86.053 Regular actuarial investigation.

MO Rev Stat § 86.053 (2019) (N/A)
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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

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Section 86.050 Actuary — duties.
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Section 86.057 Annual valuation of assets and liabilities.