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.

History: Sec. 19-4-201 MCA; IMP, Sec. 19-4-206 MCA; NEW, 1989 MAR p. 1276, Eff. 9/1/89; AMD, 1991 MAR p. 2596, Eff. 12/27/91.