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(e) The normal contribution rate and the accrued liability contribution rate shall be determined from the results of each valuation of the system using the actuarial basis adopted by the Board and shall continue in force until a new valuation is made. The supplementary contribution rate shall be determined each year based on the amount of the adjustment approved by the Council of the City of Ports- mouth for that year using the actuarial basis adopted by the Board. 2. That Section 31-68 (a) of the Code of the City of Portsmouth, 1973, be amended to read as follows: Section 31-68. Adjustments of Retirement Allowance. (a) Any person receiving ~ retirement allowance under Sections 31-63, 31-65, 31-67, 31-70 (b) or Section 31-74~ shall receive an adjustment of retirement allowance as of July 1, each year, in an amount to be approved by the Council of the City of Portsmouth, Virginia. The amount of the ad- justment shall be determined as a percentage of the retire- ment allowance being received, including in percentage ad- justments approved in prior years. Such adjustments shall be subject to the same conditions of payment as are appli- cable to the retirement allowance. In no case shall the operation of this section result in a reduction ~n the amount of any persons %otat amount below the amount of the retire- ment allowance that would have been payable in the absence of this section. 3. That Section 31-135 (b), (c), (d) and (e) of the Code of the City of Portsmouth, Virginia, 1973, be amended to read as follows: Section 31-135. By Employer. (b) The normal contribution rate shall be determined as the percentage of the total annual creditable compensation of the members that is represented by the annual normal cost required to provide the benefits of the system, other than any future adjustments as provided for in Section 31-155, computed in accordance with the recognized actuarial principles on the basis of methods and assumptions approved by the Board. (c) The accrued liability contribution rate shall be determined as the percentage of the total annual creditable compensation of the members that is represented by the level annual contribution necessary to amoratize the then remaining unfunded accrued liability over a period of forty (40) years.