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wo <br />CONTRIBUTION ' ' , THE ' ' ACCRUED LIABILITY CONTRIBUTION'' , IF ANY, AND THE <br />'' SUPPLEMENTARY CONTRIBUTION '', IF ANY. <br />(C) THE NORMAL CONTRIBUTION FOR ANY YEAR SHALL BE DETERMINED AS A <br />• PERCENTAGE, EQUAL TO THE NORMAL CONTRIBUTION RATE, OF THE TOTAL CREDITABLE <br />COMPENSATION OF THE MEMBERS FOR SUCH YEAR. SIMILARLY, THE ACCRUED LIABILITY <br />CONTRIBUTION RATE FOR ANY YEAR SHALL BE DETERMINED AS A PERCENTAGE, EQUAL TO THE <br />ACCRUED LIABILITY CONTRIBUTION RATE, OF SUCH TOTAL CREDITABLE COMPENSATION. <br />ALSO, THE SUPPLEMENTARY CONTRIBUTION FOR ANY YEAR SHALL BE DETERMINED AS A <br />PERCENTAGE, EQUAL TO THE SUPPLEMENTARY CONTRIBUTION RATE, OF SUCH TOTAL CREDITABLE <br />COMPENSATION. IN DETERMINING THE AMOUNT OF ANY CONTRIBUTION, A REASONABLE <br />APPROXIMATION TO THE EXACTLY COMPUTED AMOUNT MAY BE USED. <br />(D) THE NORMAL CONTRIBUTION RATE SHALL BE DETERMINED AS THE PERCENTAGE <br />OF THE TOTAL ANNUAL CREDITABLE COMPENSATION OF THE MEMBERS THAT IS REPRESENTED BY <br />THE SUM OF THE ANNUAL ENTRY NORMAL COSTS REQUIRED TO PROVIDE THE SERVICE RETIRE- <br />MENT BENEFITS OF THE PLANS PLUS THE COST OF BENEFITS OTHER THAN SERVE RETIREMENT <br />• ALLOWANCES EXPECTED TO BE INCURRED IN THE ENSUING YEAR, ALL COMPUTED IN ACCORDANCE <br />WITH RECOGNIZED ACTUARIAL PRINCIPLES ON THE BASIS OF METHODS AND ASSUMPTIONS <br />APPROVED BY THE COMMISSION. THE NORMAL CONTRIBUTION RATE SHALL BE DETERMINED FROM <br />THE RESULTS OF EACH VALUATION WHICH SHALL BE MADE AS DIRECTED BY THE COMMISSION <br />NOT LESS FREQUENTLY THAN BIENNIALLY. <br />(E) THE ACCRUED LIABILITY CONTRIBUTION RATE SHALL BE DETERMINED AS THE <br />PERCENTAGE OF THE TOTAL ANNUAL CREDITABLE COMPENSATION OF THE MEMBERS THAT IS <br />REPRESENTED BY THE LEVEL ANNUAL CONTRIBUTION NECESSARY TO AMORTIZE ANY REMAINING <br />UNFUNDED ACCRUED LIABILITY OVER A PERIOD OF FORTY YEARS. THE UNFUNDED ACCRUED <br />LIABILITY AS OF ANY VALUATION DATE SHALL BE DETERMINED, IN ACCORDANCE WITH <br />RECOGNIZED ACTUARIAL PRINCIPLES ON THE BASIS OF METHODS AND ASSUMPTIONS APPROVED <br />BY THE COMMISSION AS THE EXCESS, IF ANY, OF (1) THE THE PRESENT VALUE OF FUTURE <br />PAYMENTS UNDER RETIREMENT ALLOWANCES THEN BEING PAID AND OF BENEFITS TO BE PAID <br />IN THE FUTURE TO OR IN RESPECT OF MEMBERS NOT YET THEN RETIRED, OVER (2) THE SUM <br />OF THE VALUE OF THE ASSETS THEN HELD IN THE RETIREMENT FUND PLUS THE THEN PRESENT <br />VALUE OF THE NORMAL CONTRIBUTIONS EXPECTED TO BE MADE IN THE FUTURE BY THE CITY. <br />THE ACCRUED LIABILITY CONTRIBUTION RATE SHALL BE DETERMINED FROM THE RESULTS OF <br />EACH VALUATION, WHICH SHALL BE MADE AS DIRECTED BY THE COMMISSION NOT LESS <br />FREQUENTLY THAN BIENNIALLY. <br />• (F) THE SUPPLEMENTARY CONTRIBUTION RATE SHALL BE DETERMINED AS THE <br />PERCENTAGE REPRESENTED BY THE RATIO OF THE TOTAL AMOUNT OF POST-RETIREMENT <br />SUPPLEMENTS AS PROVIDED FOR IN SECTION 2-219.15 OF THIS CODE WHICH IT IS ANTICIPATED <br />WILL BECOME PAYABLE DURING THE YEAR TO WHICH THE RATE IS APPLICABLE TO THE TOTAL <br />ANNUAL CREDITABLE COMPENSATION OF THE MEMBERS. THE SUPPLEMENTARY CONTRIBUTION <br />RATE SHALL BE DETERMINED FROM THE RESULTS OF EACH VALUATION WHICH SHALL BE MADE <br />AS DIRECTED BY THE COMMISSION NOT LESS FREQUENTLY THAN BIENNIALLY. <br />(G) THE COMMISSION SHALL CERTIFY TO CITY COUNCIL THE NORMAL CONTRIBUTION <br />RATE, THE ACCRUED CONTRIBUTION RATE AND THE SUPPLEMENTARY CONTRIBUTION RATE AND <br />EVERY CHANGE MADE FROM TIME TO TIME IN ANY OF SUCH RATES. <br />11 <br />