§ 24-51-320 — Reaffiliation of a public entity

Colorado § 24-51-320

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Public Employees' Retirement Association

Text

(1) Any employer which
terminates its affiliation with the association pursuant to the provisions of section
24-51-313 shall be eligible to apply for reaffiliation with the association as provided
in section 24-51-309 no earlier than one year after the effective date of termination
of affiliation.

(2) Such application for reaffiliation shall not be submitted to the association
unless approved by sixty-five percent of the employees of the public entity who are
eligible to become members of the association.

(3) The board shall not approve any application for reaffiliation with the
association if such reaffiliation will have an adverse financial impact on the
actuarial soundness of the local government division trust fund.

Legislative History

Source: L. 88: Entire section added, p. 967, � 1, effective April 28. L. 2004: (3) amended, p. 1942, � 15, effective January 1, 2006.