The Secretary shall keep or cause to be kept, such data regarding members, retirants and beneficiaries as shall be necessary for an actuarial valuation of the actuarial assets and liabilities of the system and for checking and compiling the actuarial experience of the system. The Retirement Commission shall render a report to the Mayor and Council each calendar year showing the fiscal transactions of the system for the year ended the preceding September 30 and the actuarial condition of the system by means of an actuarial valuation of the actuarial assets and liabilities of the system.
(Prior Code, § 2-260) (Ord. 368, passed 9-25-1967)