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accrued liability st m~ particular t~ne shall be the excess~ if am%5 of the uhen Dresen¥ value o£ future retirement a!lowm~ces due to service rer~dered crier ~o Js~ns~{f !~ i957~ over the ne'~ total accu;nulated accrg~ed liability contributions previously nm. de (~d%er adjustment fop reti~ement al!owa_nce payments based on such crier sere-ice) with interest on such contributions at the rates or' interest es~neo each yearn on ti~s assess of the sysvem~ (c) 'l~ne nora. a! contribution rate shall be detez~lned as the per~ censase of the memloers' creditable co.P.?ensation payable d.~PiNs the men~3ers~ eeriods of Paters mem?oersbip reouired to provide the excess of (t)~ the then present value of all. futm~e benefits to be paid from the rctirement a!!ow~u~ce aceohaav~ over (2)~ the then umfunded accel_ed liefoiiity~ if san}% ~lus the then emo~mno of assets iN the retirement ailov,e~nce accothnv ~ (d) %ne nor, mai con-oribution rave amd the accused iisToiiity con- tribution r~;e shall be detenrgned~ on actun~ial bases a~opted by the bo.°-rd~ from the results of each valo~t, ion of the sysvem~ 's_ad shall continue in force '~ntit a new valuation is m~de. (e) 7ne board shall certify ye the city auditor the non~i con- tributi~n re~e and. the accrued liabilivy contribution rave~ grid eve~z ohs~age ~de therein fr~m ti~e ~o t~me. (f) ~qe ~re~=ate employer contribution for ~ay year, shall be at least sufficient~ when confoined with the 8~oumt taen held in the re- tirement ai!ows~nce acc~t ~ ~o pro~ide the benefivs paygeie from the accou~ d'~ir~ the current year, Sec~ 26-72~ Retirement a!!cwsn-~e acco~uto Ail of the Punds and assets of the retirement sysvem shall be held in a sirgie retire~nt allowance accou~rs~ in ~.~nich shall be accumulated all convributions by the members ~ud by the e~oloyer~ s_nd to which all income from the invested fca~ds ~d assets of the system shoal! be credited~ K?om this account shall be paid the reRunds of acc~3~a~.iated convributions, the death benefits and the retirer_ent allowances provided for in this article ~ad in I~Pticle III of t?zis chapter. Sec~ 26-76~ Service ret~ement~ (a) Non~,~l retirement: Any member in service at his nors~! re- tirement date m~y resire a's any t%me then oN theresf~ter upon ~,mitten notification ~o the bosfe~ ms.de by such n:emfser of his appolnsiP~ authority~ setting forth at what tone the ret~ement is to become effective} provided, that such effective date shall be afteP bis last ds.y of servlce~ but shall not be more them Ninety days prior ye or subsecuent so the fi!ir~ of such notice.