Actuarial review of operation of Act

(1) The Board shall, with the assistance of an actuary approved by the Minister, review the operation of this Act during the period ending on 31st December in every year and at each such review shall make a report to the Minister not later than the 31st March next following on the financial condition of the Fund and the adequacy or otherwise of the contributions to support the benefits, having regard to its liabilities under the Act. the Act. (2) The Minister shall, as soon as possible after receiving the report in accordance with sub-section (1), and on the recommendation of the Board and after consultation with the stakeholders, adjust the contributions and benefits based on such (3) The Minister shall, within thirty days of the receipt of the report referred to in sub-section (1), lay a copy thereof before the National Assembly and cause a summary of the report to be published in the Gazette and in at least one newspaper of general circulation in Belize. 42 Fund.