The board of any defined benefit plan or system adopted pursuant to the provisions of this article shall provide written notice to each member, inactive member, and beneficiary that the possibility of a reduction of benefits to ensure the sustainability of the defined benefit plan or system could occur in the future.
Source: L. 2012: Entire section added, (SB 12-149), ch. 227, p. 1003, § 2, effective May 29.
Structure Colorado Code
§ 24-54-101. Authorization to Establish and Maintain Retirement Plan or System - Definitions
§ 24-54-101.5. Retirement Plans or Systems - Exemption
§ 24-54-102. Type of Plan or System
§ 24-54-103. Prior Service Benefits
§ 24-54-104. Funds for Plan or System - Additional Contribution
§ 24-54-106. Association Shall Be Formed - Withdrawal
§ 24-54-107. Boards of Retirement
§ 24-54-108. Control and Management of Plan or System
§ 24-54-108.5. Control and Management of Individual County Plan
§ 24-54-109. County, Municipal, or Political Subdivision Retirement Fund - Tax
§ 24-54-110. Exemption Authorized - Conditions
§ 24-54-111. Funds Not Subject to Process
§ 24-54-117. Notice of Possible Change in Benefits - Ensuring Sustainability