Colorado § 24-51-1010 - Increase in benefits - actuarial assessment required.
Full text of Colorado Colorado Revised Statutes § 24-51-1010 — Increase in benefits - actuarial assessment required., with citation guidance and answers to common questions.
§ 24-51-1010. Increase in benefits - actuarial assessment required.
(1) Before increasing benefits provided by the association, the general assembly shall cause to be conducted pursuant to subsection (2) of this section an actuarial assessment to ensure that the increases in benefits would not cause the actuarial value of assets of the association to decline below ninety percent of the actuarial accrued liabilities of the association.
(2) Upon direction from the president of the senate and the speaker of the house of representatives, the director of research of the legislative council shall contract with a private person to conduct an actuarial assessment of the association. The assessment shall be conducted to determine whether and to what extent an increase in the benefits provided by the association would cause the actuarial value of the assets of the association to decline below ninety percent of the actuarial accrued liabilities of the association. The assessment shall be completed and a final report of its findings and conclusions shall be submitted to the general assembly as soon as practicable. The person conducting the actuarial assessment of the association and such person's employees shall, during the term of the contract, have access to any necessary documents and information in the custody of the association.
Source: L. 2006: Entire section added, p. 1186, § 21, effective May 25.
PART 11
EMPLOYMENT AFTER RETIREMENT
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-51-1010
What does Colorado Revised Statutes § 24-51-1010 cover?
Section 24-51-1010 ("Increase in benefits - actuarial assessment required.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-51-1010?
A common citation format is "Colorado Revised Statutes § 24-51-1010" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-51-1010 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.