(a) The Secretary shall keep, or cause to be kept, such data as shall be necessary for an actuarial valuation of the assets and liabilities of the retirement system. The Board of Trustees shall render a report to the City Council, on or before November 1 of each year, showing the fiscal transactions of the system for the year ended the preceding June 30; and a balance sheet showing the financial condition of the system by means of an actuarial valuation of its assets and liabilities; and any other information as the City Council may request.
(b) The Board of Trustees shall adopt such mortality and other tables of experience as are necessary, or in its opinion advisable, in the operation of the retirement system on an actuarial basis.
(Ord. 1860, passed 8-16-1965)