§ 1005. Annual actuarial examination.

Latest version.

At least once a year, the Board of Trustees shall cause the liabilities of the Plan to be evaluated by an Actuary, who shall report no later than August 1 ^st for the previous Plan Year to the Board of Trustees as to:

A.

The soundness and solvency of the Fund in relation to the aforesaid liabilities; and

B.

The amount of the annual payment by the Employer which would be sufficient to provide for Plan liabilities.

( Ord. No. 23382, § 3, 10-1-2015 )

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');