The board shall adopt, upon the recommendation of the actuary of the system, any mortality and other tables and interest rates necessary to do the following:
(a) Permit valuation of the assets and liabilities of the system.
(b) Make any determination or calculation necessary to carry out this part.
(Amended by Stats. 1996, Ch. 634, Sec. 52. Effective January 1, 1997.)
Last modified: October 25, 2018