The board shall arrange for transfers to the benefit reserve fund so that thereafter all allowances and related benefits shall be paid from the benefit reserve fund. Such transfers shall be completed upon a determination by the board’s actuary of the amounts of such transfers and shall consist of the following:

(1) The reserve value of allowances payable from the employer’s accumulation fund at time of transfer shall be transferred from the employer’s accumulation fund; and

Terms Used In Missouri Laws 70.722

  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020

(2) The reserve value of allowances payable from the casualty reserve fund at time of transfer shall be transferred from the casualty reserve fund.

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