(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 24-7-602 24-7-603 24-7-604 24-7-605 24-7-606 24-7-607 24-7-608 24-7-610 24-7-611 24-7-612 NextLast modified: November 15, 2016