Mo. Rev. Stat. § 86.330
This is the official text of Mo. Rev. Stat. § 86.330, part of Missouri’s Rev. Stat — part of the compiled statutory law of Missouri, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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86.330 Normal rate of contribution, how determined.
Official statutory text
86.330. Normal rate of contribution, how determined. — After each annual valuation, the actuary engaged by the board to make the valuation required by sections 86.200 to 86.366 , shall determine the normal contribution rate. The normal contribution rate shall be the rate percent of the earnable compensation of all members obtained by deducting from the total liabilities of the retirement system the amount of the assets in hand to the credit of the retirement system and the present value of expected future member contributions and dividing the remainder by one percent of the present value of the prospective future compensation of all members as computed on the basis of mortality and service tables and interest assumptions adopted by the board of trustees.
(L. 1957 p. 256 § 43, A.L. 2000 H.B. 1808) Effective 7-1-00
(L. 1957 p. 256 § 43, A.L. 2000 H.B. 1808) Effective 7-1-00
Status: in_force · Read it on the official government site
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