B. Definitions
§88-311 Definitions. The following words and phrases as used in this part shall have the following meanings, unless a different meaning is plainly required by the context:
"Actuarial cost" means the actuarial present value, at the date of valuation, of the increase in the retirement allowance that would be attributable to the years of service being converted to class H credited service. The actuarial present value shall be based on rates and tables recommended by the actuary and adopted by the board.
"Class A credited service" means credited service as a class A member, excluding any service converted to class H credited service pursuant to section 88-322(b).
"Class B credited service" means credited service as a class B member, excluding any service converted to class H credited service pursuant to section 88-322(b).
"Class C credited service" means credited service as a class C member, excluding any service converted to class H credited service pursuant to section 88-322(a).
"Class H credited service" means credited service as a class H member, including service described in section 88-323.
"Hypothetical account balance" means: