Actuarial valuation and experience investigation expenses allowable

Act 205 of 1984, § 207, under MUNICIPAL PENSION PLAN FUNDING STANDARD AND RECOVERY ACT.

Act 205 of 1984, § 207

Section 207. Actuarial valuation and experience investigation expenses allowable.

Notwithstanding any provision of law, municipal ordinance, municipal resolution, municipal charter, pension plan agreement or pension plan contract to the contrary, the expenses attributable to the preparation of any actuarial valuation report or experience investigation required pursuant to this chapter shall be an allowable administrative expense payable from the assets of the pension plan.