2006 New York Code - Retirement System; Adoption Of Tables And Certification Of Rates.

 
    §  13-121  Retirement  system; adoption of tables and certification of
  rates. The actuary appointed by the board shall be the technical advisor
  on all matters regarding the operation of the funds provided for by this
  chapter and shall perform such other duties as are required  of  him  or
  her.  The  actuary  shall  keep in convenient form such data as shall be
  necessary for the actuarial valuation of such funds. Every  five  years,
  he  or  she  shall  make  an actuarial investigation into the mortality,
  service and compensation experience of the members and beneficiaries  as
  defined by this chapter and he or she shall make a valuation, as of June
  thirtieth  of  each  year,  of the assets and liabilities of the various
  funds provided for by this chapter. Upon the basis of such investigation
  such board shall:
    1. Adopt for the retirement system such mortality, service  and  other
  tables as shall be deemed necessary; and
    2.  Certify  the  rates  of deduction from compensation computed to be
  necessary to pay the annuities authorized under the provisions  of  this
  chapter.