2014 Rhode Island General Laws
Title 36 - Public Officers and Employees
Chapter 36-10.2 - Pension Protection Act
Section 36-10.2-4 - Actuarial valuation methodology.
§ 36-10.2-4 Actuarial valuation methodology. – Actuarial accounting methods used by the actuary in determining the funded percentage shall be determined by the board in compliance with all applicable public pension accounting laws, rules and regulations. The actuary or the board shall not, year to year, change actuarial methods for the sole purpose of achieving a more favorable funding or fiscal result. Any actuarial assumptions not determined by the board shall be made by the actuary in good faith and in accordance with accepted actuarial standards.
History of Section.
(P.L. 2011, ch. 408, § 8; P.L. 2011, ch. 409, § 8.)
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