(a) No benefit enhancement provided for by § 24-8-214 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 § 24-8-214 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 24-8-214 24-8-215 24-8-216 24-8-217 24-8-218 24-8-219 24-8-220 24-8-222 24-8-223 24-8-224 24-8-225 24-8-226 24-8-227 24-8-228 NextLast modified: November 15, 2016