Sec. 845.206. ACTUARY. (a) The board of trustees shall appoint an actuary.
(b) The actuary shall perform duties in connection with advising the board concerning operation of the system's funds.
(c) At least once every five years the actuary shall:
(1) make a general investigation of the mortality and service experience of the members and annuitants of the system; and
(2) on the basis of the results of the investigation, recommend for adoption by the board required tables and rates.
(d) On the basis of tables and rates adopted by the board, the actuary shall make an annual valuation of the assets and liabilities of the retirement system and of each participating subdivision with regard to the retirement system.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.206 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 175, Sec. 19, eff. Jan. 1, 1994; Acts 1997, 75th Leg., ch. 309, Sec. 20, eff. Dec. 1, 1997.
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