50-1525. MANDATORY ACTUARIAL STUDY. Any city establishing and maintaining a policeman’s retirement fund pursuant to the provisions of this chapter shall, at its own expense, conduct an actuarial study for the purpose of determining the actuarial soundness of such fund. Commencing January 1, 1991, actuarial studies required hereunder shall be conducted within four (4) years of the last actuarial study and each four (4) years thereafter. Copies of such studies shall be submitted to the secretary of state for the state of Idaho and to the secretary of the local police retirement fund board.
History:
[50-1525, as added by 1971, ch. 26, sec. 7, p. 68; am. 1990, ch. 128, sec. 1, p. 298.]
Structure Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 15 - POLICEMAN’S RETIREMENT FUND
Section 50-1501 - PURPOSE STATED.
Section 50-1502 - DEFINITIONS.
Section 50-1503 - ESTABLISHMENT OF RETIREMENT FUND.
Section 50-1505 - POLICEMAN’S RETIREMENT FUND.
Section 50-1506 - APPROPRIATION OF FUND.
Section 50-1507 - ADMINISTRATION OF FUND.
Section 50-1508 - ACTIONS BY AND AGAINST BOARD.
Section 50-1509 - EMPLOYEES OF BOARD.
Section 50-1510 - PERSONAL LIABILITY OF BOARD MEMBERS OR THEIR EMPLOYEES.
Section 50-1511 - AUDIT OF CLAIMS.
Section 50-1512 - TAX LEVY — SALARY DEDUCTIONS.
Section 50-1513 - CHAIRMAN OF BOARD — SECRETARIES — REPORTS.
Section 50-1514 - RETIREMENT OF POLICEMEN — RETIREMENT BENEFITS — LEAVE OF ABSENCE.
Section 50-1515 - RESIGNATION OF POLICEMEN — REFUND OF DEDUCTIONS.
Section 50-1516 - RETIREMENT FOR DISABILITY — DEATH BENEFITS — FUNERAL BENEFITS.
Section 50-1517 - BENEFITS EXEMPT FROM LEGAL PROCESS.
Section 50-1518 - CONSTRUCTION OF STATUTE.
Section 50-1519 - ROTARY EXPENSE FUND.
Section 50-1520 - INSURANCE OF RISKS.
Section 50-1521 - APPLICATION OF STATUTE.
Section 50-1522 - SEPARABILITY.
Section 50-1523 - FALSE CLAIMS — PENALTY.
Section 50-1524 - AUTHORITY TO CREATE POLICEMAN’S RETIREMENT FUND TERMINATED.