§ 5-1-109. Actuarial assumptions.

   (a)   Generally. Except as otherwise provided in this article, the following actuarial assumptions shall be used to determine actuarially equivalent amounts:

      (1)   interest, 6% per year;

      (2)   post-retirement cost-of-living-adjustment, 0% per year; and

      (3)   mortality, 1983 group annuity mortality table, blended 50% male and 50% female.

   (b)   No assumption for any guaranteed cash refund amount. To determine actuarially equivalent amounts of optional forms of pension payments, consideration may not be given to any guaranteed cash refund amount.

(1985 Code, Art. 7, § 1-109) (Bill No. 90-01)