Montana Statutes
§ 19-17-107 — Employment Of Actuary -- Annual Investigation
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 17 VOLUNTEER FIREFIGHTERS' COMPENSATION ACT·Part 1 General Provisions
19-17-107 . Employment of actuary -- annual investigation.
(1)The board shall retain a competent actuary who is an enrolled member of the American academy of actuaries and who is familiar with public pension systems. The actuary is the technical adviser to the board on matters regarding the actuarial funding of the pension trust fund.
(2)The board shall require the actuary to make an annual actuarial valuation of the assets and liabilities of the pension trust fund. The actuarial valuation must include the sufficiency of the fund to pay full and partial benefits to members and benefit recipients and must include recommendations for any changes that should be made to those benefits or the contributions to the pension trust fund to ensure the actuarial soundness of the pension trust fund.
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Legislative History
En. Sec. 2, Ch. 175, L. 1995; amd. Sec. 33, Ch. 283, L. 2009.
Nearby Sections
15
§ 19-17-101
Short Title§ 19-17-102
Definitions§ 19-17-103
Renumbered 19-17-205§ 19-17-104
Repealed§ 19-17-105
Duties Of Volunteer Firefighters§ 19-17-109
Eligible Fire Company§ 19-17-110
Allowable Payments To Volunteer Firefighters§ 19-17-111
Records Information Management§ 19-17-112
Filing Required Reports -- Limitations§ 19-17-113
Corrections, Audits, And Penalties§ 19-17-114
Through 19-17-116 Reserved