The association shall provide written notice to each member, DPS member, and inactive member of the association that the possibility of an actuarial necessity could occur in the future, and the general assembly may modify by bill the benefits allowed to members of the defined benefit plan.
Source: L. 2010: Entire section added, (SB 10-001), ch. 2, p. 5, § 4, effective January 1, 2011.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-201. Public Employees' Retirement Association - Creation
§ 24-51-202. Board of Trustees - Creation
§ 24-51-203. Board - Composition and Election
§ 24-51-204. Duties of the Board
§ 24-51-205. General Authority of the Board
§ 24-51-207. Standard of Conduct
§ 24-51-208. Allocation of Moneys
§ 24-51-210. Allocation of Assets and Liabilities
§ 24-51-211. Amortization of Liabilities
§ 24-51-211.5. Notice of Possible Change in Benefits - Actuarial Necessity
§ 24-51-212. Funds Not Subject to Legal Process
§ 24-51-214. Benefits Not Offset by Workers' Compensation Benefits
§ 24-51-215. Insurance and Banking Laws Not Applicable
§ 24-51-220. Report to General Assembly
§ 24-51-221. Information Provided to Employer - Salary Definition