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1993_Ordinances
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1993_Ordinances
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CURRENT
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• <br />• <br />• <br />(2) amortize any increase or decrease in the actuarial <br />accrued liability due to the plan changes, actuarial <br />gains, and/or actuarial losses incurred after January 1, <br />year. <br />The unfunded actuarial accrued liability as of any valuation date <br />shall be determined in accordance with the projected unit credit <br />- e me r t � $ e -any �-Pm��i-gyri ng- �ftmded- a e e rued- }tab # } itq rover -a- �Yod- e f <br />f ertq- f 4P�-yews :---4�-nn€ended- �eereect - 33e1�i 33ty--as-of-- any <br />va}eatten-date-she}}-be-determined;-tn-aeeerdanee-Wtth-reeegntEed <br />eetnerte}-�ritiples -on -tke-basis <br />r-e£--nretkecs - arm-essnmpt#ens <br />approved-by-the-eemmtssten-as-the-exeess;-tf-eny;-ef <br />{ } }--the--then-- t»�cw,t--�l�te--bf---fi3t�re --payments --ander <br />retirement-a}}et+anees t�terr-k�iml--pa-icter►r�o£-tene£3ts-te <br />be-paid-tir{9te #ttt�to-er-tn�espeto£ e -net -yet <br />then-ret#red;-ever <br />{2}--The-s►t3tr�€- the- itaitte --e€ -the -j-m- the <br />retirement -Rind �rlt3et-ire-ikon-presentira-laicvf-t�ner�na} <br />eentributtems -exreeted-to--be--reede iir-the-€trttrre-by-the <br />etty. <br />The accrued liability contribution rate shall be determined from <br />the results of each valuation, which shall be made as directed by <br />the commission not less frequently than biennially. <br />{f}--Phe-sxpp}ementarq-eentrtbntten-rate-ske}}-be-determined <br />the--members----1Plie--cer►tt-ri-btrt�exr-mete--sfta}}--ke <br />determ#nod-from-the-resp}ts-ef-eaeh-va}nation-tihteh-sha}}-be-made <br />es-dtreeted-by lie Krommissioir not dEsss-fenny-tisan-b}enn3n}}y- <br />(g) The commission shall certify to city council the normal <br />contribution rate, the accrued contribution rate and the <br />snpp}etnentnry-eeatr#bt:t4eet-rate�r►d every change made from time to <br />time in any of such rates. <br />{h}--f'er-any-pear-tn-Whteh-the-eityls-eggregete-eentribtitien <br />eemptited--as--pro�r-idect-#rr-srrbseet3en-- fb}-ro€-ttri-s--seetsatr,--3s <br />insufftetent;--wheir-eemb2ned- ctitir-tip-amorrrrt-them-he}d-3-tr-the <br />retirement-€end;-te-provide-the-benefits-payab}e-f rem-the-find-tn <br />saeh-year;- the -eitt+-sh -I ma#e an in -the <br />emetint-neeessary-te-evereeme-the-tnsnf€teteneq- <br />Approved by Council <br />March 1, 1993 rk of City Council <br />
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