Connecticut General Statutes 10-183nn – Review and adoption of revised actuarial assumptions. Publication in House and Senate journals
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Commencing July 1, 1995, and every five years thereafter, the Teachers’ Retirement Board shall review all actuarial assumptions used in the valuation of the assets and liabilities of the Teachers’ Retirement Fund and the calculation of benefits to be paid from said fund. Such review shall be completed not later than December thirty-first of the same calendar year. Said board shall adopt the revised actuarial assumptions and shall submit such assumptions to the General Assembly not later than February first of the succeeding calendar year. The revised actuarial assumptions shall be published in the journals of the House of Representatives and the Senate for the first day of the session in such calendar year.
Terms Used In Connecticut General Statutes 10-183nn
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the Teachers' Retirement Board. See Connecticut General Statutes 10-183b
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- succeeding: when used by way of reference to any section or sections, mean the section or sections next preceding, next following or next succeeding, unless some other section is expressly designated in such reference. See Connecticut General Statutes 1-1