Current through Register Vol. XLI, No. 50, December 13, 2024
Section 113-1-3 - Determination of Surplus3.1. The Board shall periodically, but no less than annually, determine if a surplus exists.3.2. In making a determination concerning the existence of a surplus, the Board may consider an actuarial analysis and any other information developed by or presented to the Board that demonstrates the status of a surplus.