An employer that terminates its affiliation with the association shall utilize an existing, or shall establish an alternative, pension plan or system established pursuant to the provisions of article 54 of this title 24. Failure to utilize or establish an alternative pension plan or system does not excuse the employer from the adherence to the remainder of the termination of affiliation provisions of this part 3.
Source: L. 88: Entire section added, p. 967, § 1, effective April 28. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2241, § 10, effective June 4.
Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-301. Required Membership
§ 24-51-303. Members of the General Assembly
§ 24-51-305. District Attorneys
§ 24-51-305.5. Employees of District Attorneys
§ 24-51-307. Elected Municipal Officials
§ 24-51-308. City Managers and Key Management Staff
§ 24-51-309. Affiliation by Public Entities
§ 24-51-310. Persons Not Eligible for Membership
§ 24-51-311. Continuation of Membership
§ 24-51-312. Payment of Contributions
§ 24-51-314. Termination of Affiliation - Rights of Benefit Recipients and Inactive Members
§ 24-51-315. Termination of Affiliation - Reserves Requirement
§ 24-51-316. Inadequate Reserves - Excess Reserves - Nonpayment
§ 24-51-317. Termination of Affiliation - Member Contributions
§ 24-51-318. Purchase of Forfeited Service Credit
§ 24-51-319. Retirement Plan - Creation and Use
§ 24-51-320. Reaffiliation of a Public Entity
§ 24-51-321. No State Liability - Political Subdivision Pension Plans