1. (1) All actuarial assumptions, rates and tables shall be adopted at a meeting of the board and included in the minutes of that meeting.

2. (2) This rule refers to but is not limited to the following:

   1. (a) optional retirement table;
   2. (b) monthly annuity table;
   3. (c) termination pay rate table;
   4. (d) rates for mortality, disability, retirement, and withdrawal;
   5. (e) assumptions for future salaries, investment earnings, administrative expense and termination.
3. (3) The assumptions, rates and tables shall be effective as provided in the minutes.

Authorizing statute(s): Sec. 19-4-201 MCA

Implementing statute(s): Sec. 19-4-206 MCA

History: NEW, 1989 MAR p. 1276, Eff. 9/1/89; AMD, 1991 MAR p. 2596, Eff. 12/27/91.