At least annually the state board shall report in writing to each affected unit of local government the following information:

1. (1) The projected pension payments for the next twenty (20) years.

2. (2) The present value of the total future projected pension payments.

   [Pre-Local Government Recodification Citation: 19-1-37.3-4 part.]

   As added by Acts 1980, P.L.8, SEC.45. Amended by P.L.47-1985, SEC.7; P.L.26-1996, SEC.5.