Public and Local Acts of the Legislature of the State of Michigan, Volum 12003 |
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Side 286
... valuation compensation . The unfunded actuarial accrued liability shall be equal to the actuarial present value of benefits reduced by the actuarial present value of future normal cost contributions and the actuarial value of assets on the ...
... valuation compensation . The unfunded actuarial accrued liability shall be equal to the actuarial present value of benefits reduced by the actuarial present value of future normal cost contributions and the actuarial value of assets on the ...
Side 294
... actuarial value of assets and the actuarial present value of future normal cost contributions exceeds the actuarial present value of benefits , an amount equal to the excess shall be credited to the pension stabilization subaccount ...
... actuarial value of assets and the actuarial present value of future normal cost contributions exceeds the actuarial present value of benefits , an amount equal to the excess shall be credited to the pension stabilization subaccount ...
Side 295
Michigan. entry age normal cost method of valuation . The contribution rate for service likely to be rendered in the ... actuarial accrued liabilities divided by 1 % of the actuarial present value over a period not to exceed 50 years of ...
Michigan. entry age normal cost method of valuation . The contribution rate for service likely to be rendered in the ... actuarial accrued liabilities divided by 1 % of the actuarial present value over a period not to exceed 50 years of ...
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Volume II | 26 |
Public Acts of the 2002 Regular Session Public Acts 525 to 747 1671 | 498 |
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act is ordered ACT to amend actuarial present value agency airport allocated amendatory act amending section amount application appropriations April 29 authority benefits bonds certificate chapter community college condominium county treasurer court criminal offenses determined district or intermediate effective date election eligible employer Enacting section entitled An act exceed facilities farm produce federal fees felony Filed with Secretary fiscal fund grain dealer interest intermediate district internal revenue code issuance issued license lien March 14 March 27 membership Michigan enact Michigan virtual university offenses and ordinance officer operation ordered to take ordinance violations paid payable payment person powers and duties prescribe the powers property tax Pub ord Pub saf Pub trst public school academy pupil purposes received repeal retirement board retirement system revised municipal finance rights-of-way school district subdivision subsection take immediate effect township treasurer vehicle