Title VII CITIES, TOWNS AND VILLAGES Chapter 86 • Effective - 28 Aug 1939 86.167. Accrued liability contribution discontinued, when. — The accrued liability contribution should be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value as actuarially computed and approved by the board of trustees, of the total liability of said fund, less the present value computed on the basis of the normal contribution rate then in force of the prospective normal contributions to be received on account of persons who are at that time members. -------- (RSMo 1939 § 9471) Prior revision: 1929 § 8913
Missouri Legal Code