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The actuary employed or retained by the department shall provide technical advice to the department and to the board regarding the operation of the fund.
Utilizing the actuarial assumptions most recently adopted by the board, the actuary shall set annual actuarial valuations of normal cost, actuarial liability, actuarial value of assets, and related actuarial present values for the state plan for other post-employment benefits.
(Code 1981, §20-2-877, enacted by Ga. L. 2009, p. 49, § 1/SB 122.)