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Code · Michigan · Chapter 38 — Civil Service and Retirement

38.1216 Actuarial review; report.

68 words·~1 min read·/mi/chapter-38/38-1216

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38.1216 Actuarial review; report.
Sec. 6.
The investment fiduciary shall have an actuarial review of the fund or trust prepared at least every 5 years with assets valued on a market related basis. The investment fiduciary shall prepare and issue a summary annual report to the legislative body of the public corporation that established the fund or trust.
History: 1999, Act 149 , Imd. Eff. Nov. 1, 1999
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