The valuation shall be prepared by an actuary who is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the Employees' Retirement Income Security Act of 1975. The board shall send a copy of the most recent valuation to the librarian of the Legislative Research Commission by September 1, 1982, and thereafter the board shall send a copy of each new valuation within ten (10) days of receipt. If all liabilities to all individuals entitled to benefits from the local government retirement system have been satisfied, no actuarial valuation shall be required.
KRS 65.156
Amended 2002, Ky. Acts ch. 346, sec. 23, effective7/15/2002. -- Amended 1998, Ky. Acts ch. 328, sec. 1, effective 7/15/1998. -- Amended 1992 Ky. Acts ch. 238, sec. 1, effective 7/14/1992. -- Amended 1988 Ky. Acts ch. 11, sec. 2, effective 7/15/1988. -- Amended 1984 Ky. Acts ch. 24, sec. 1, effective 7/13/1984; and ch. 177, sec. 14, effective 7/13/1984. -- Created 1982 Ky. Acts ch. 297, sec. 1, effective 7/15/1982.