The board shall provide to any recognized retiree organization reasonable advance notice of any proposed changes to the retirement benefits offered by the system or the use or uses of excess funds of the retirement system. The organization shall have a reasonable opportunity to comment prior to any formal action by the board on the proposed changes.
(Amended by Stats. 2012, Ch. 178, Sec. 4. (SB 1382) Effective January 1, 2013.)