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Actuarial investigations and valuations.

Memphis Code of Ordinances § 4-32-36
in effect
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Sec. 4-32-36. - Actuarial investigations and valuations. A. The board shall keep in convenient form such data as shall be necessary for the actuarial investigations and valuations of the retirement fund. The board shall cause to be made actuarial valuations of the retirement system and shall also cause to be made actuarial investigations into the mortality, service compensation and other experience of the participants. Upon the basis of such investigations and valuations, and subject to the approval of the library board of trustees and the city council, the board shall adopt for the retirement system such mortality, service and other bases as shall be necessary. B. The board shall promptly transmit to the library board of trustees and the city council a report covering the actuarial investigations and actuarial valuations provided for in this section. (Code 1985, § 18-75; Ord. No. 4173, § 1, 4-16-1993)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT4PERESY_CH4-32RESYLIEM_ART7ADSY_S4-32-36ACINVAFetched: 10/28/2026

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