§18460. Discontinuation and substitution of benefits
A participating local district electing retirement programs under section 18453, subsections 1 to 9, may, by filing with the board a duly certified copy of its action: [PL 1985, c. 801, §§ 5, 7 (NEW).]
1. Discontinue benefits. Discontinue any benefit under any of those subsections to any person qualifying for the benefit who was hired after the effective date of the district's action; and
[PL 1985, c. 801, §§ 5, 7 (NEW).]
2. Substitution of benefits. Substitute for the discontinued benefit any other benefit provided in this Part.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).