Section 20133 Of Article 2. Powers And Duties Of The Board From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 2. >> Article 2.
20133
. As of June 30, 1991, and thereafter at the end of periods
not to exceed four years, the actuary shall make an actuarial
investigation into the mortality, service, and compensation
experience of members and persons receiving benefits and an actuarial
valuation of the assets and liabilities of this system. From time to
time, the actuary shall determine the rate of interest being earned
on the retirement fund after deducting from earnings amounts applied
to costs of administration of this system.