Rhode Island § 36-10.2-4 § 36-10.2-4. Actuarial valuation methodology.

Rhode Island Statutes

§ 36-10.2-4 — § 36-10.2-4. Actuarial valuation methodology.

Rhode Island § 36-10.2-4

Title 36Public Officers and Employees

Ch. 36-10.2Pension Protection Act

This text of Rhode Island § 36-10.2-4 (§ 36-10.2-4. Actuarial valuation methodology.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 36-10.2-4 (2026).

Text

§ 36-10.2-4. Actuarial valuation methodology.
Actuarial accounting methods used by the actuary in determining the funded percentage
            shall be determined by the board in compliance with all applicable public pension
            accounting laws, rules and regulations. The actuary or the board shall not, year to
            year, change actuarial methods for the sole purpose of achieving a more favorable
            funding or fiscal result. Any actuarial assumptions not determined by the board shall
            be made by the actuary in good faith and in accordance with accepted actuarial standards.
         

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§ 36-10.2-4. Actuarial valuation methodology.

Actuarial accounting methods used by the actuary in determining the funded percentage shall be determined by the board in compliance with all applicable public pension accounting laws, rules and regulations. The actuary or the board shall not, year to year, change actuarial methods for the sole purpose of achieving a more favorable funding or fiscal result. Any actuarial assumptions not determined by the board shall be made by the actuary in good faith and in accordance with accepted actuarial standards.