During calendar year 2002, and every four years thereafter, the department shall cause an actuarial investigation to be made of all experience under the retirement system. Pursuant to such an investigation, the department shall, from time to time, determine upon an actuarial basis the condition of the system and shall report to the general assembly its findings and recommendations. The department shall adopt from time to time mortality tables and all other necessary factors for use in all actuarial calculations required in connection with the retirement system.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97B.60]
2000 Acts, ch 1077, §66
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