(A) The Secretary shall keep, or cause to be kept, any data as shall be necessary for an actuarial valuation of the retirement system. Each year, the Board shall render a report to the Mayor and the Council showing the fiscal transactions of the retirement system for the year ending the preceding June 30, the last actuarial valuation of the retirement system, and any other reports as the Mayor or Council may from time to time require. (‘83 Code, § 36.10)
(B) The Board shall from time to time adopt such mortality and other tables of experience as are necessary for the operation of the retirement system on an actuarial basis. For purposes of adjusting any benefit or limitation under § 415 of the Internal Revenue Code, the mortality table used shall be the table prescribed by the United States Secretary of the Treasury in accordance with § 415(b)(2)(E)(v) of the Internal Revenue Code.
(‘83 Code, § 36.11) (Am. Ord. 2002-007, passed 5-13-02)