Authority of the trust - rules

Colo. Rev. Stat. § 29-5-404, under Government - Local.

Colo. Rev. Stat. § 29-5-404

(1) In addition to any authority given to the trust, the trust has the authority to:

(a) Create a program description to further define or modify, but not decrease, the benefits of this part 4;

(b) Modify the contribution rates, benefit levels, including the maximum amount, consistent with subsection (1)(a) of this section, and structure of the benefits based on actuarial recommendations and with input from a committee of the trust consisting of representatives from labor, management, volunteer, and trust administration; and

(c) Adopt rules and procedures for the administration of the trust.

Source: L. 2017: Entire part added, (SB 17-214), ch. 187, p. 683, � 1, effective May 3.