The district may budget and provide for payment into the fund of the retirement plan an amount sufficient:
(1) To provide on an actuarial reserve basis the amortized level premium cost of the retirement benefits which, under the provision of the retirement system, are to be provided by the district to its employees who attain the retirement age or retire in accordance with the terms of the retirement plan.
(2) To meet the actuarially computed costs of retirement benefits measured on the basis of services rendered or to be rendered by an employee before or after the date on which such employee becomes a member of the retirement plan. [1969 c.698 §57]Section: Previous 558.315 558.320 558.325 558.330 558.340 558.345 558.350 558.355 558.360 558.365 558.400 558.405 558.410 558.415 558.420 Next
Last modified: August 7, 2008