(40 ILCS 5/14-138) (from Ch. 108 1/2, par. 14-138)
Sec. 14-138.
Actuary.
The Actuary shall be the technical advisor of the
board on matters regarding the operation of the system. The actuary
shall:
(a) for the 7-year period ending June 30, 1997 and every 5 years
thereafter, make a general investigation of
the mortality, retirement, disability, employment, turnover, interest and
earnable compensation;
(b) recommend tables to be used for all required actuarial calculations;
(c) make an annual valuation of the liabilities
and reserves of the system, make an annual determination of the amount of
contributions required from the State under this Article, and certify
the results thereof to the board; and
(d) perform such other duties as the board may assign.
(Source: P.A. 89-136, eff. 7-14-95.)
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