Actuarial investigations - Determination of rate of interest.
San José Municipal Code § 3.28.160
in effect3.28.160 - Actuarial investigations - Determination of rate of interest.
The board shall keep in convenient form such data as is necessary for the actuarial evaluation of this system. The board shall cause an actuarial investigation to be made from time to time and as often as it may deem such to be reasonably necessary to keep the plan actuarially sound, but not less frequently than once each five years, commencing from and after July 1, 1975. The actuarial investigation shall consist of a report as to the mortality, service and compensation experience of members and persons receiving benefits, an actuarial valuation of the assets and liabilities of this system, and such other actuarial investigations as may be relevant to and for the benefit of the system. From time to time the board shall determine the rate of interest being earned on the retirement fund.
(Prior code § 2904.1055.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.281975FEEMREPL_PT2AD_3.28.160ACINETRAINFetched: 11/1/2026