New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 152 - Defined Benefit Service Award Programs For Volunteer Ambulance Workers
Section 152.17 - Program actuary
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The Comptroller may designate a member of his staff or contract with an actuary to serve as the program actuary.
(b) The program actuary shall calculate:
(c) The program actuary shall disclose the actuarial assumptions and actuarial methodology used to calculate the estimated and annual costs of a defined benefit plan service award program to the Comptroller and the program trustee. In addition, the program actuary shall upon request calculate and/or disclose any other information to the program trustee or the Comptroller.
(d) The program actuary shall cooperate with the administrator and program trustee to ensure the effective and efficient operation of the programs, including the provision in a timely manner of such information as the administrator and program trustee may require to exercise and perform their powers and duties.