§ 11:1826 — Actuary

Louisiana § 11:1826

• Jurisdiction: Louisiana
• Title 11: Consolidated Public Retirement Systems

Text

§1826. Actuary
A. The actuary shall be the technical advisor of the board on matters regarding the
operation of the funds of the system.
B. In Fiscal Year 2023-2024, and at least once every five years thereafter, the actuary
shall make an actuarial investigation of the members as to mortality, disability, retirement,
separation, marital status of employees, marriage of surviving spouses, interest, and
employee earning rates.
C. In addition to such other duties as the board shall prescribe, the actuary shall:
(1) Recommend actuarial tables to be used for computing benefits and rate of
contributions required of participating employers and members based on the investigation
required by B, above.
(2) Make an annual valuation of the liabilities and reserves for present and
prospective annuities and benefits, and certify to the correctness thereof.
(3) Review the terms of each new agreement as pertains to prior service, conduct
such investigation as is necessary to determine the existing accrued liability, and recommend
to the board the amount of employer contributions required to offset such liability.

Legislative History

Acts 1978, No. 788, §1; Redesignated from R.S. 33:7316 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2022, No. 248, §2, eff. June 30, 2022.