A. Interest Rate. The interest rate used for determining actuarial equivalence (except for the purpose of Section 2.124.1830 of this chapter) shall change each year effective July 1st. The effective rate shall be the average of the three immediately preceding annual rates of return on investable assets of the system, rounded down to the nearest quarter percent, but may not be less than seven percent. The interest rate used to calculate the actuarial equivalent of the reduction in allowances payable under Section 2.124.1830 of this chapter shall be seven percent.
B. Mortality Table. The mortality rates for determining actuarial equivalence shall be the following:
Post Retirement Mortality | ||
Age | Nondisability Participant | Retirement Spouse |
Post Retirement Mortality | ||
Age | Nondisability Participant | Retirement Spouse |
20 | .00057 | .00047 |
21 | .00060 | .00048 |
22 | .00062 | .00049 |
23 | .00065 | .00051 |
24 | .00067 | .00052 |
25 | .00071 | .00054 |
26 | .00074 | .00055 |
27 | .00078 | .00057 |
28 | .00082 | .00060 |
29 | .00087 | .00062 |
30 | .00092 | .00065 |
31 | .00098 | .00067 |
32 | .00105 | .00071 |
33 | .00112 | .00074 |
34 | .00119 | .00078 |
35 | .00128 | .00082 |
36 | .00137 | .00087 |
37 | .00148 | .00092 |
38 | .00159 | .00098 |
39 | .00172 | .00105 |
40 | .00186 | .00112 |
41 | .00204 | .00119 |
42 | .00220 | .00128 |
43 | .00258 | .00137 |
44 | .00293 | .00148 |
45 | .00334 | .00159 |
46 | .00379 | .00172 |
47 | .00429 | .00186 |
48 | .00483 | .00204 |
49 | .00541 | .00220 |
50 | .00603 | .00258 |
51 | .00670 | .00293 |
52 | .00740 | .00334 |
53 | .00814 | .00379 |
54 | .00891 | .00429 |
55 | .00972 | .00483 |
56 | .01057 | .00541 |
57 | .01146 | .00603 |
58 | .01239 | .00670 |
59 | .01340 | .00740 |
60 | .01449 | .00814 |
61 | .01571 | .00891 |
62 | .01710 | .00972 |
63 | .01870 | .01057 |
64 | .02056 | .01146 |
65 | .02275 | .01239 |
66 | .02534 | .01340 |
67 | .02806 | .01449 |
68 | .03073 | .01571 |
69 | .03349 | .01710 |
70 | .03662 | .01870 |
71 | .04052 | .02056 |
72 | .04487 | .02275 |
73 | .04958 | .02534 |
74 | .05471 | .02806 |
75 | .06026 | .03073 |
76 | .06661 | .03349 |
77 | .07392 | .03662 |
78 | .08212 | .04052 |
79 | .09117 | .04487 |
80 | .10085 | .04958 |
81 | .11104 | .05471 |
82 | .12166 | .06026 |
83 | .13265 | .06661 |
84 | .14402 | .07392 |
85 | .15572 | .08212 |
86 | .16790 | .09117 |
87 | .18060 | .10085 |
88 | .19393 | .11104 |
89 | .20799 | .12166 |
90 | .22288 | .13265 |
91 | .23617 | .14402 |
92 | .25017 | .15572 |
93 | .26502 | .16790 |
94 | .28085 | .18060 |
95 | .29780 | .19393 |
96 | .31606 | .20799 |
97 | .33580 | .22288 |
98 | .35724 | .23617 |
99 | .38058 | .25017 |
100 | .40606 | .26502 |
101 | .43393 | .28085 |
102 | .46442 | .29780 |
103 | .50010 | .31606 |
104 | .54355 | .33580 |
105 | .59733 | .35724 |
106 | .66401 | .38058 |
107 | .74616 | .40606 |
108 | .84635 | .43393 |
109 | .96713 | .46442 |
110 | 1.0000 | 1.00000 |
(Prior code § 34.01.112)