When the actuarial funded ratio of the association, based on the actuarial value of assets, is at or above one hundred three percent as determined in the annual actuarial study of the association, the upper limit of the annual increase shall be increased by one-quarter of one percent.
Source: L. 2010: Entire section added, (SB 10-001), ch. 2, p. 22, § 23, effective February 23. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2256, § 20, effective June 4.
Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.