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Section 26-24.1. Inclusion of service under the Virginia Supple- mental RetirementSyst~ as creditable service. With respect to any m~ber who was a member of the Vir- ginia Supplemental Retirement System immediately prior to his be- coming a member of this system, and whose membership in the Vir- ginia Supplemental Retirement System has ceased through withdrawal of his contributions thereunder, the period of time during which he was a membe~ of the Virginia Supplemental Retirement System shall be included as creditable service hereunder provided he pays into the retirement account the amount of contributions he withdrew from the Virginia Supplemental Retirement System when he ceased to be a member thereof, anything in section 26-25 to the contrary notwithstanding. Any such pak~ent shall be consider- ed as part of the accumulated contributions of the member and shall be subjeect to the provisions of section 26-37. Section 26-26. By employer° (a) The employer shall contribute annually an amount equal to the sum of the "normal contribution" and the "accrued liability contribution." The normal contribution and the accrued liability contribution for any year shall be determined as percentages of the creditable compensation of the members for such year, such percentages being referred to, respectively, as the normal con- tribution rate and the accrued liability contribution rate. (bi The normal contribution rate shall be determined on the percentage of the total annual creditable compensation of the m~bers that is represented by the annual normal cost required to provide the benefits of tke system, computed in accordance with recognized actuarial principles on the basis of methods and assump- tions approved by the board. (c) The accrued liability contribution rate shall be determined as the percentage of the total'annual creditable com- pensation of the members that is represented by the level annual contribution necessary to amortize the then remaining unfunded accrued liability over a period of forty years. The unfunded ac- crued liability at any particular time shaI1 be determined, in accordance with recognized actuarial principles on the basis of methods and assumptions approved by the board, as the excess, if any, of (i) the then present value of future payments under re- tirement allowances then being paid and of benefits to be paid in the future to or in respect of members not yet then retired over (ii) the sum of the value of the assets then held in the retire- ment account plus the then present value of the normal contribu- tions expected to be made in the future by the employer.