{"data":{"id":"us-ok/okla.-stat.-tit.-47-47-2-308.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 47, § 47-2-308.2","heading":"Actuarial investigation - Establishment of tables and","body":"rates - Actuarial valuation of assets and liabilities –\n\nDetermination of employer contributions.\n\nA. At least once each five (5) years the actuary shall make an\n\nactuarial investigation of the experience of the System including\n\nthe mortality, service and compensation experience of members and\n\nbeneficiaries. Based on the results of such investigation the\n\nactuary shall recommend for adoption by the Board such tables and\n\nrates as are required for the operation of the System and for the\n\npreparation of annual actuarial valuations.\n\nB. On the basis of such tables and rates as the Board shall\n\nadopt, the actuary shall prepare an annual actuarial valuation of\n\nthe assets and liabilities of the System and certify the rates of\n\ncontribution payable by the state under the provisions of law\n\nconcerning the System.\n\nC. Subject to the funds available to the System, the employer\n\ncontributions to the System shall be determined on the basis of the\n\nmost recent actuarial valuation, which amount shall be calculated as\n\nthe sum of the normal cost for the fiscal year plus expected\n\nadministrative expenses plus the payment required to amortize the\n\nunfunded accrued liability according to the amortization schedule\n\nrecommended by the actuary and adopted by the Board.","path":["OK Code","Title 47"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os47.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"aaac46a1aa78e4077ffa4371f43aac17d055866fc38873c88bd79fbf81c52d85","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-47-47-2-308.1","next":"us-ok/okla.-stat.-tit.-47-47-2-309"},"notice":"GroundRules: Original legal text. Not legal advice."}