EFFECTIVE DATE FOR PENSION BENEFIT ADJUSTMENTS

(1) By October 31 of each year the board shall determine whether the VFCA pension trust fund is actuarially sound and the amortization period for any unfunded liability remains at 20 years or less. As required by 19-17-404 , MCA, the board shall then make pension adjustments for the next 12 months commencing with November benefits. Authorizing statute(s): 19-17-203 , MCA Implementing statute(s): 19-17-404 , MCA History: NEW, 2011 MAR p. 2261, Eff. 10/28/11.