Notwithstanding any provision of any Tier to the contrary, the unfunded liabilities of the Fire and Police Pension Plan, and of each Tier of the Plan, shall be funded in accordance with the actuarial funding method adopted by the Board upon the advice of its consulting actuary. With the advice of the consulting actuary, the Board shall establish amortization policies for unfunded actuarial accrued liabilities and surpluses.
SECTION HISTORY
Added by Charter Amendment G § 8, approved March 8, 2011, effective April 8, 2011.