86.050. Actuary--duties.
Actuary--duties.
86.050. 1. The actuary shall be the technical adviser ofboard of trustees on matters regarding the operation of the fundscreated by the provisions of sections 86.010 to 86.193 and shallperform such other duties as are required in connectiontherewith.
2. Immediately after the establishment of the retirementsystem the actuary shall make such investigation of themortality, service and compensation experience of the members ofthe system as he shall recommend and the board of trustees shallauthorize, and on the basis of such investigation he shallrecommend for adoption by the board of trustees such tables andsuch rates as are required in section 86.053. The board oftrustees shall adopt tables and certify rates of contribution tobe used by the system. As soon as practicable after theestablishment the actuary shall make a valuation of its assetsand liabilities based upon such tables and rates of contributionas the board may adopt.
(RSMo 1939 § 9468, A.L. 1947 V. I p. 418)Prior revision: 1929 § 8910