§ 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 […]
§ 31-30.5-305. 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 […]
§ 31-30.5-704. Police Officers’ Old Hire Pension Plans – Municipalities of at Least One Hundred Thousand in Population
If any old hire member of the police department in a municipality having a population of at least one hundred thousand, while in the performance of the member’s duty, becomes temporarily totally disabled, physically or mentally, for service by reason of service in such department, the board shall order the payment to such disabled member, […]
§ 31-30.5-307. State Contribution
(Deleted by amendment, L. 2014.) Each employer having rank escalation and having old hire members shall determine for each such employee the percentage that such employee’s years served as of January 1, 1980, bear to the total number of years required for retirement. At retirement, the retirement pension shall be divided into that percentage and […]
§ 31-30.5-705. Firefighters’ Old Hire Pension Plans – Municipalities of at Least One Hundred Thousand in Population
Any old hire member of a fire department in a municipality having a population of at least one hundred thousand, who becomes mentally or physically disabled while on active duty during regularly assigned hours of duty from any cause not self-inflicted nor due to the habitual use of intoxicants or drugs to an extent whereby […]
§ 31-30.5-401. Sources of Revenue for Fund
Except for state-assisted old hire police officers’ and firefighters’ pension plans and those affiliated with the fire and police pension association pursuant to section 31-31-701, each old hire pension fund may consist of: All moneys that may be given to such board or fund by any person for the use and purpose for which such […]
§ 31-30.5-801. Exempt Alternative Programs Authorized
Notwithstanding any other provision of this article or the provisions of article 31 of this title that specifically refer to exempt plans, any municipality, fire protection district, or county improvement district, prior to January 1, 1980, may establish an alternative police officers’ or firefighters’ pension benefit program or combination pension and insurance benefit program for […]