The actuarial cost of the pensions provided in this chapter as determined by the Administrator, shall be paid by the Industrial Development Company to the Retirement Systems Administration prior to the implementation of the Early Retirement System. Said actuarial cost shall consist of the difference between the present value of the accelerated pension granted by this chapter and the present value of a pension for years of service under the provisions of §§ 761 et seq. of Title 3.
History —Nov. 22, 2005, No. 143, § 7.