The Division of Retirement may employ an actuary. Such actuary shall, together with such other duties as the director of retirement may assign, be responsible for:

(1) Advising the director of retirement on actuarial matters of the state retirement systems.

(2) Making periodic valuations of the retirement systems.

(3) Providing actuarial analyses to the Legislature concerning proposed changes in the retirement systems.

(4) Assisting the director of retirement in developing a sound and modern retirement system. History: s. 11, ch. 74-302; s. 35, ch. 84-254; s. 778, ch. 95-147.