§ 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 […]
§ 31-30.5-307. 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 […]
§ 31-30.5-402. Municipalities Under Fifty Thousand – Limit of Contributions to Old Hire Police Officers’ Pension Plans
There is granted to municipalities in this state having less than fifty thousand population the power to pay from the general funds of their respective municipalities into the old hire police officers’ pension fund of their respective municipalities such sum monthly as shall not exceed five percent of the monthly salaries of the total active […]
§ 31-30.5-403. Employers Under One Hundred Thousand – Limit of Contributions to Old Hire Firefighter Pension Plans
There may be levied and set apart by the governing body of each municipality having a population of less than one hundred thousand, by the board of directors of each fire protection district, or by the board of a county improvement district, a tax for the year 1969 and each year thereafter of not more […]
§ 31-30.5-404. Plans Affiliated With the Fire and Police Pension Association
Notwithstanding any provision of this part 4 to the contrary, an employer that affiliates its old hire police officers’ or firefighters’ pension fund with the fire and police pension association pursuant to section 31-31-701 and that is not receiving state contributions under part 3 of this article shall annually contribute an amount approved by the […]
§ 31-30.5-501. Old Hire Pension Fund – Investments
It is lawful for the board of trustees of the old hire firefighters’ pension fund and the board of trustees of the old hire police officers’ pension fund in any municipality or district in this state to invest such respective pension funds, or any part thereof, in the name of the treasurer of such municipality […]