(a) No benefit enhancement provided for by § 24-7-1306 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 § 24-7-1306 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 § 24-1-101 et seq.
Section: Previous 24-7-1303 24-7-1304 24-7-1305 24-7-1306 24-7-1307 24-7-1308 24-7-1309 24-7-1310 24-7-1311 24-7-1312 24-7-1313 24-7-1314 24-7-1315 24-7-1316 NextLast modified: November 15, 2016