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The unfunded accrued liability at any particular time shall be determined, in accordance with recognized actuarial principles on the basis of methods and assumptions by the Board ks the excess, if any, of (1) the then presen~ value of benefits, other than any future adjustments as provided for in Section 31-156, expected to be paid in the future to retired and not yet retired members or their beneficiaries over (2) the su~ of the value of the assets then held in the retirement account plus the then present value of the normal contribucions expected to be made in the future by the employer. (d) The supplementary contribution rate each year shall be determined as the percentage of the total annual creditable compensation of the members that is represented by the actuarial present value of the adjustment for the year as provided for in Section 31-155. The actuarial present value of the adjust- ment shall be determined as of July 1, each year, on the act- uarial basis adopted by the Board and shall be the value of the a~ount of such adjustment expected to be paid in the future to retired members or their beneficiaries. (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 deter- mined each year based on the amount of adjustment approved by the Council of the City of Portsmouth for the year using the actuarial basis adopted by the Board. 4. That Section 31-155 of the Code of the City of Portsmouth, Virglnia, 1973, be amended to read as follows: Section 31-155. Adjustments of Retirement Allowance. Any person receiving a retirement allowance under Sections 31-149, 31-151, 31-153, 31-156 (c), or Section 31-159 shall receive an adjustment of retirement allowance as of July 1, each year, an an amount to be approved by the Council of the City of Portsmouth, Virginia. The amount of the adjustment shall be determined as a percentage of the retirement allowance being received, including any percentage adjustments approved in prior years. Such adjustments shall be subject to the same conditions of payment as are applicable to the retirement allowance. In no case, shall the operation of this section result in a reduction in the amount of any persons total benefit below the amount of the retirement allowance that would have been payable in the absence of this section.