Colo. Rev. Stat. § 24-54-117

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 24-54-117 - Notice of possible change in benefits - ensuring sustainability

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.

C.R.S. § 24-54-117

L. 2012: Entire section added, (SB 12-149), ch. 227, p. 1003, § 2, effective May 29.