The actuary employed by the Board of Commissioners shall provide the following services on behalf of the pension plan:
A. Prepare all required actuarial studies, in accordance with all applicable laws, including but not limited to Act 205 and Act 600.
B. Determine the pension plan's annual normal cost as described in § A261-9 and the amount which the township shall contribute to the pension fund each year after taking into consideration the other sources of revenue for the pension fund.
C. Such other reasonable and necessary actuarial services as the Board of Commissioners or the Pension Committee shall direct.