HARRY HUGHES, Governor

187

(3)   THE BOARD OF TRUSTEES SHALL DESIGNATE A MEDICAL
BOARD TO BE COMPOSED OF THREE PHYSICIANS WHO ARE NOT
ELIGIBLE TO PARTICIPATE IN THIS PENSION SYSTEM TO REPORT ON
SPECIAL CASES. THE MEDICAL BOARD SHALL:

(I)   ARRANGE FOR AND PASS ON ALL MEDICAL
EXAMINATIONS REQUIRED UNDER THIS SUBTITLE;

(II)  INVESTIGATE ALL ESSENTIAL STATEMENTS AND
CERTIFICATES BY OR ON BEHALF OF A MEMBER IN CONNECTION WITH
AN APPLICATION FOR DISABILITY RETIREMENT; AND

(III) REPORT IN WRITING TO THE BOARD OF TRUSTEES
ITS CONCLUSIONS AND RECOMMENDATIONS UPON ALL THE MATTERS
REFERRED TO IT.

(4)   THE BOARD OF TRUSTEES SHALL DESIGNATE AN ACTUARY
WHO SHALL:

(I)   BE THE TECHNICAL ADVISER OF THE BOARD OF
TRUSTEES ON MATTERS REGARDING THE OPERATION OF THE FUNDS
CREATED BY THIS SUBTITLE; AND

(II)  PERFORM ANY OTHER DUTIES AS REQUIRED IN
CONNECTION WITH THESE FUNDS.

(5)   UNTIL THE INITIAL INVESTIGATION OF THE MORTALITY,
SERVICE, AND COMPENSATION EXPERIENCE OF THE MEMBERS OF THIS
PENSION SYSTEM, THE ACTUARY SHALL USE THE MORTALITY AND
SERVICE TABLES MOST RECENTLY ADOPTED FOR USE UNDER THE
RETIREMENT SYSTEM. THEREAFTER, THE BOARD OF TRUSTEES SHALL:

(I)   ADOPT FOR THIS PENSION SYSTEM THE MORTALITY
AND SERVICE TABLES THAT IT CONSIDERS NECESSARY; AND

(II)  CERTIFY THE RATES OF CONTRIBUTION PAYABLE
UNDER THIS SUBTITLE.

(6)   (A) IN 1982 AND AT LEAST ONCE IN EACH 5-YEAR
PERIOD THEREAFTER, THE ACTUARY SHALL MAKE:

(I)   AN ACTUARIAL INVESTIGATION INTO THE
MORTALITY, SERVICE, AND COMPENSATION EXPERIENCE OF THE
MEMBERS AND BENEFICIARIES OF THIS PENSION SYSTEM; AND

(II)  A VALUATION OF THE ASSETS AND
LIABILITIES OF THE FUNDS OF THIS PENSION SYSTEM.

(B) TAKING INTO ACCOUNT THE RESULTS OF THE
INVESTIGATION AND VALUATION OF THE ACTUARY, THE BOARD OF
TRUSTEES SHALL:

(I) ADOPT FOR THIS PENSION SYSTEM THE
MORTALITY, SERVICE, AND ANY OTHER TABLES THAT IT CONSIDERS
NECESSARY; AND