§ 29-4-7 — [Annual report of trustee.]

Within ninety days after the close of each fiscal year the trustee, with the aid of the pension consultants, shall prepare and file an annual report with the department and the New Mexico insurance department which shall include the following: Schedule I. Receipts and disbursements. Schedule II. Assets of pension trust listing investments as to book value and current market value as of the end of the fiscal year. Schedule III. List of terminations, showing cause and amount of refund. Schedule IV. The application of actuarially computed "reserve factors" to the payroll data properly classified for the purpose of computing the reserve liability of the trust fund as of the end of the fiscal year. Schedule V. The application of actuarially computed "current liability factors" to the payroll data properly classified for the purpose of computing the liability of the trust fund as of the end of the fiscal year. Schedule VI. An actuarial computation of the pension liability for all employees retired prior to the close of the fiscal year.

Legislative History

Laws 1939, ch. 213, § 7; 1941 Comp., § 40-407; 1953 Comp., § 39-4-7.