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(d) The normal contribution rate and the accrued liabi- <br />lity contribution rate shall be determined, on actuarial bases <br />adopted by the board, from the results of each valuation of the <br />system., and shall continue in force until a new valuation is made. <br /> <br /> (e) The board shall certify to the city auditor the <br />normal contribution rate and the accrued liability contribution <br />rate, and every change made therein from time to time. <br /> <br /> (f) The aggregate employer contribution for any year <br />shall be at least sufficient, when combined with the amount then <br />held in the retirement account, to provide the benefits payable <br />from the account during the current year. <br /> <br />Section 26-27° Retirement account. <br /> <br /> Ail of the funds and assets of the system shall be held <br />in a single retirement account~ in which shall be acc~u!ated all <br />contributions by the members and by ~he employer~ and to which all <br />income from the invested funds and assets of the system shall be <br />credited. From this account shall be pai~ the refunds of accumu- <br />lated contributions, the death benefits and the retirement a!lowu <br />ances provided for in this article. <br /> <br />Section 26-31. Service retirement. <br /> <br /> (a) Any member in service who has attained the age of <br />fifty-five may retire at any time then or thereafter upon written <br />notification to the board, made by the me~er or his employer, <br />setting forth at what time the retirement is to become effective; <br />provided that such effective date shall be after his last day of <br />service, but shall not be more than ninety days prior to or sub- <br />sequent to the filing of such notice~ <br /> <br /> (b) The provisions of subsection (a) of this section <br />to tlqe contrary notwithstanding, any member r~aining in service <br />after his normal retirement date who attains the maxim~ retire- <br />ment age shall be retired forthwith. <br /> <br /> (c) Any m~mber who terminated service as an employee <br />prior to retirement but after the attai~ent of age fifty and <br />the completion of twenty years of creditable service, and who <br />has attained the age of sixty may retire at any tLme then or <br />thereafter under the provisions of subsection (a) of this section, <br />except that the requirement for the member to be in service shall <br />not apply. <br /> <br />-7- <br /> <br /> <br />