§ 24-51-213. Confidentiality
All information contained in records of members, former members, inactive members, DPS members, DPS retirees, benefit recipients and their dependents, including those from the Denver public schools division, participants in the voluntary investment program established pursuant to part 14 of this article, participants in the defined contribution plan established pursuant to part 15 of this […]
§ 24-51-214. Benefits Not Offset by Workers’ Compensation Benefits
Benefits paid under this article shall be in addition to any benefits paid to the benefit recipients pursuant to the provisions of the “Workers’ Compensation Act of Colorado”, articles 40 to 47 of title 8, C.R.S. Source: L. 87: Entire article R&RE, p. 1052, § 1, effective July 1. L. 90: Entire section amended, p. […]
§ 24-51-215. Insurance and Banking Laws Not Applicable
None of the laws of this state regulating insurance, insurance companies, or banking institutions shall apply to the association or any of its trust funds. Source: L. 87: Entire article R&RE, p. 1052, § 1, effective July 1. Editor’s note: This section is similar to former §§ 24-51-121 and 24-51-220 as they existed prior to […]
§ 24-51-216. Legal Adviser
The attorney general shall be the legal adviser to the board upon request of the board, and the board shall have the authority to select and retain legal counsel in the board’s discretion. Source: L. 87: Entire article R&RE, p. 1052, § 1, effective July 1. L. 2010: Entire section amended, (HB 10-1181), ch. 351, […]
§ 24-51-217. Termination
If the association is terminated or partially terminated for any reason, the rights of all members and former members affected thereby to benefits accrued and funded to the date of termination shall become nonforfeitable. Any distribution of assets shall be conducted in accordance with requirements of the federal “Internal Revenue Code of 1986”, as amended. […]
§ 24-51-218. Unclaimed Money
Notwithstanding any other provision of this article 51 to the contrary, any money that is presumed to be abandoned pursuant to section 38-13-216 is subject to the “Revised Uniform Unclaimed Property Act”, article 13 of title 38. Source: L. 92: Entire section added, p. 2108, § 2, effective March 4. L. 2019: Entire section amended, […]
§ 24-51-220. Report to General Assembly
The association shall provide a report to the general assembly on January 1, 2016, and every five years thereafter, regarding the economic impact of the 2010 legislative changes to the annual increase provisions on the retirees and benefit recipients as compared to the actual rate of inflation and the progress made toward eliminating the unfunded […]
§ 24-51-221. Information Provided to Employer – Salary Definition
An employer may request information from the association to determine whether to use “salary” as defined in section 24-51-101 (42)(a) or as defined in section 24-51-101 (42)(b), when the employer hires an employee who is a current member or retiree of the association. The association shall provide such information to the employer upon request. Source: […]
§ 24-51-209. Disbursements
Disbursements from the trust funds authorized in section 24-51-208 shall be subject to the approval of the board and shall be made only for the benefits, health-care subsidies, investments, refunds, single payments, payments of remaining member contributions pursuant to the provisions of section 24-51-801, payments pursuant to the provisions of part 17 of this article, […]
§ 24-51-210. Allocation of Assets and Liabilities
The assets and liabilities of the association shall be divided equitably on an historical accumulative basis among the several trust funds specified in section 24-51-208 (1). Repealed. Source: L. 87: R&RE, p. 1051, § 1. L. 93: Entire section amended, p. 479, § 11, effective March 1, 1994. Editor’s note: Subsection (2)(b) provided for the […]