Current through Register Vol. 1, January 10, 2025
Rule 2.44.306 - ACTUARIAL ASSUMPTIONS, RATES AND TABLES(1) All actuarial assumptions, rates and tables shall be adopted at a meeting of the board and included in the minutes of that meeting.(2) This rule refers to but is not limited to the following: (a) optional retirement table;(b) monthly annuity table;(c) termination pay rate table;(d) rates for mortality, disability, retirement, and withdrawal;(e) assumptions for future salaries, investment earnings, administrative expense and termination.(3) The assumptions, rates and tables shall be effective as provided in the minutes.NEW, 1989 MAR p. 1276, Eff. 9/1/89; AMD, 1991 MAR p. 2596, Eff. 12/27/91.Sec. 19-4-201 MCA; IMP, Sec. 19-4-206 MCA;