§ 31-30.5-802. Exempt Money Purchase Plan Option
Any employer that has not elected to affiliate with the fire and police pension association relating to an old hire plan established pursuant to this article may offer to the active old hire members of such plan the option of converting to a money purchase plan. Such option shall be available on an individual basis […]
§ 31-30.5-803. Investment Authority
Except as provided in subsection (2) of this section, moneys of exempt alternative plans that are not affiliated with the fire and police pension association under section 31-31-706 may be managed and invested by the trustees of such plans pursuant to the standard and other provisions for trustees set forth in the “Colorado Uniform Prudent […]
§ 31-30.5-602. Firefighters’ Old Hire Pension Plans – Municipalities and Districts Under One Hundred Thousand in Population
In municipalities, fire protection districts, and county improvement districts having a population of less than one hundred thousand, any old hire member who has reached the age of fifty years and who has served for a period of twenty years of active service in any such department in this state is entitled to a monthly […]
§ 31-30.5-603. Police Officers’ Old Hire Pension Plans – Municipalities of at Least One Hundred Thousand in Population
In municipalities having a population of at least one hundred thousand, any old hire member of the police department who has attained the age of sixty years is entitled to a monthly pension equal to one-half the amount of the average salary said member received as a member of said department for one year before […]
§ 31-30.5-604. Firefighters’ Old Hire Pension Plans – Municipalities of at Least One Hundred Thousand in Population
In municipalities having a population of at least one hundred thousand, any old hire member of the fire department who has served at least twenty-five years of active duty and has attained the age of fifty years shall be retired within thirty days after making application for retirement, except during periods of national emergency, and […]
§ 31-30.5-701. Coverage
The provisions of this part 7 governing the benefits payable in the event of the death or disability of an active old hire member shall apply with respect to any such member who dies or becomes disabled prior to January 1, 1980. The provisions of this part 7 governing the benefits payable in the event […]
§ 31-30.5-702. Police Officers’ Old Hire Pension Plans – Municipalities Under One Hundred Thousand in Population
If an old hire member of any police department in a municipality having a population of less than one hundred thousand, while in the performance of the member’s duty or by reason of service in such department, becomes physically or mentally disabled and such disability is deemed to be of a temporary nature, the board […]
§ 31-30.5-305. No Change in Employer Obligation
It is the intention of the general assembly that the minimum funding standards established by this part 3 shall not enlarge nor diminish the obligation of municipalities and fire protection districts to their employees for pension benefits provided pursuant to this article. Source: L. 96: Entire article added with relocations, p. 873, § 1, effective […]
§ 31-30.5-703. Firefighters’ Old Hire Pension Plans – Municipalities and Districts Under One Hundred Thousand in Population
Any old hire member of a paid fire department in a municipality, fire protection district, or county improvement district, having less than one hundred thousand in population who becomes mentally or physically disabled while on active duty during regular assigned hours of duty from any cause not self-inflicted nor due to the habitual use of […]
§ 31-30.5-306. Actuarial Studies
An actuarial study of each old hire police officers’ and firefighters’ pension fund administered by the association shall be conducted not later than July 1, 2014, and an updated actuarial study shall be conducted by the association every two years thereafter until the plan is terminated. The association shall designate actuaries or firms of actuaries […]