(a) No benefit enhancement provided for by this act shall be implemented if it would cause the publicly supported retirement system's unfunded actuarial accrued liabilities to exceed a thirty-year amortization.
(b) No benefit enhancement provided for by this act shall be implemented by any publicly supported system which has unfunded actuarial accrued liabilities being amortized over a period exceeding thirty (30) years until the unfunded actuarial accrued liability is reduced to a level less than the standards prescribed by ยง 24-1-101 et seq.
Section: Previous 24-7-202 24-7-203 24-7-204 24-7-205 24-7-206 24-7-207 24-7-208 24-7-209 24-7-210 24-7-211 NextLast modified: November 15, 2016