11Actuarial investigation of the Fund

11 Actuarial investigation of the Fund

11 Actuarial investigation of the Fund

(1) An investigation as to the state and sufficiency of the Fund shall, as at 31 March 1988 and at the expiration of each succeeding period of 3 years, be made by not less than 2 actuaries appointed by the Board.

(2) Actuaries appointed under subsection (1) shall complete their investigation, and shall report the result to the Board, not later than 13 months after the date as at which the investigation is made.

(3) The Board shall, not later than 2 months after it receives a report under subsection (2), forward the report to the Minister with such comments thereon as it thinks fit.

(4) The Minister may, in relation to a particular investigation, extend or further extend a period referred to in subsection (2) or (3) if the Minister considers that special circumstances exist to justify such an extension or further extension.

s 11: Am 1987 No 219, Sch 1 (8).