The state shall not be held liable for any deficit that occurs in any defined benefit or defined contribution plan or system of any political subdivision within the state of Colorado or any public agency created by such a political subdivision which is an employer which has terminated affiliation with the association.
Source: L. 88: Entire section added, p. 967, § 1, effective April 28.
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