After considering the results of the actuarial experience study performed by the retirement system's actuary or at such other times as necessary, the Board of trustees may adopt changes to the actuarial cost method, actuarial assumptions and mortality tables by Board resolution or other Board action. The Board resolution or action shall specify the first actuarial valuation and plan year affected by the changes.

Source Note: The provisions of this §123.18 adopted to be effective November 19, 2020, 45 TexReg 8171