Colorado § 24-51-211 Amortization of liabilities

Colorado Statutes

§ 24-51-211 — Amortization of liabilities

Colorado·Title 24 Government·Art. Public Employees' Retirement Association

(1)An amortization period for each of the state division, school division, local government division, judicial division, and Denver public schools division trust funds shall be calculated separately. A maximum amortization period of thirty years shall be deemed actuarially sound. Upon recommendation of the board, and with the advice of the actuary, the employer or member contribution rates for the plan may be adjusted by the general assembly when indicated by actuarial experience.

(2)On or before November 1, 2009, the board shall submit specific, comprehensive recommendations to the general assembly regarding possible methods to respond to the decrease in the value of the association's assets, including real estate, private equity, and other investments, to decrease the amorti

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(1) An amortization period for each of
the state division, school division, local government division, judicial division, and
Denver public schools division trust funds shall be calculated separately. A
maximum amortization period of thirty years shall be deemed actuarially sound.
Upon recommendation of the board, and with the advice of the actuary, the
employer or member contribution rates for the plan may be adjusted by the general
assembly when indicated by actuarial experience.

(2) On or before November 1, 2009, the board shall submit specific,
comprehensive recommendations to the general assembly regarding possible
methods to respond to the decrease in the value of the association's assets,
including real estate, private equity, and other investments, to decrease the
amortization period of each division of the association, and to ensure that each
division of the association will become and remain fully funded.

Colorado § 24-51-211 (Amortization of liabilities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 87: Entire article R&RE, p. 1051, � 1, effective July 1. L. 97: Entire section amended, p. 63, � 2, effective July 1; entire section amended, p. 772, � 8, effective July 1. L. 2004: Entire section amended, p. 1940, � 7, effective January 1, 2006. L. 2006: Entire section amended, p. 1176, � 4, effective May 25. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1336, � 10, effective January 1, 2010.