Rhode Island § 45-65-5 § 45-65-5. Actuarial valuation methodology.

Rhode Island Statutes

§ 45-65-5 — § 45-65-5. Actuarial valuation methodology.

Rhode Island·Title 45 Towns and cities·Ch. 45-65 Retirement Security Act for Locally Administered Pension Funds

§ 45-65-5. Actuarial valuation methodology.
Actuarial methods used by the actuary in preparing an actuarial experience study or
            annual actuarial valuation shall be in compliance with accepted actuarial standards
            and applicable public pension accounting laws, rules and regulations. The actuary
            shall not, year to year, change actuarial methods for the sole purpose of achieving
            a more favorable funding or fiscal result. Any actuarial study shall be made by the
            actuary in good faith and in accordance with accepted actuarial standards.
         

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§ 45-65-5. Actuarial valuation methodology.

Actuarial methods used by the actuary in preparing an actuarial experience study or annual actuarial valuation shall be in compliance with accepted actuarial standards and applicable public pension accounting laws, rules and regulations. The actuary shall not, year to year, change actuarial methods for the sole purpose of achieving a more favorable funding or fiscal result. Any actuarial study shall be made by the actuary in good faith and in accordance with accepted actuarial standards.

Rhode Island § 45-65-5 (§ 45-65-5. Actuarial valuation methodology.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.