§ 31-31-404. Return or Transfer of Contributions – Vested Retirement
Any member covered by the statewide defined benefit plan established by this part 4 and terminating service may elect to have the member’s accumulated contributions refunded in a lump sum and shall sign a statement to be filed with the member’s employer evidencing such election and acknowledging that the member has no right to benefits […]
§ 31-31-405. Stabilization Reserve Account and Separate Retirement Account – Creation – Allocation
Within the new hire benefits account, created pursuant to section 31-31-402 (5), there shall be established two subaccounts: An actuarial account, into which that portion of the new hire benefits account necessary to fund benefit liabilities accrued under sections 31-31-403 and 31-31-404 (2), as determined by the 1987 actuarial study, shall be deposited; A stabilization […]
§ 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 […]
§ 31-31-406. Separate Retirement Accounts – Administration
Any member having a separate retirement account who terminates service and at the time of termination has less than five years of credited service or who terminates service and at the time of termination has more than five years of credited service but elects a refund of contributions as provided under section 31-31-404 (1)(a) shall […]
§ 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 […]
§ 31-31-407. Adjustment of Benefits
The benefits payable under the statewide defined benefit plan established by this part 4 may be redetermined effective October 1 each year. If such benefits are redetermined, such redetermined amount shall be payable for the following twelve months. To be eligible for redetermination, such benefits shall have been paid for at least twelve calendar months […]
§ 31-31-101. Legislative Declaration
The general assembly hereby declares that the establishment of police officers’ and firefighters’ pension plans in this state is a matter of statewide concern that affects the public safety and general welfare, that the ability of pension funds to pay earned benefits to present and future members is a necessary corollary to the establishment of […]
§ 31-31-408. Modification of State Plan by the Board
Notwithstanding any other provision of this part 4, and in addition to the authority granted in part 2 of this article, the board may modify the pension benefits and the age and service requirements for pension benefits set forth in this part 4 with respect to the members of the statewide defined benefit plan if: […]
§ 31-31-102. Definitions
As used in this article, unless the context otherwise requires: “Actuarially sound” means a police officers’ or firefighters’ pension fund determined by the board to be receiving or scheduled to receive employer and member contributions in each fiscal year equal to the annual contributions actuarially determined to be necessary to pay the annual current service […]
§ 31-31-410. Purchased or Rolled-Over Service Credit
A member may be granted service credit upon the qualified transfer of funds from an eligible pension plan for other public employment within the United States not covered by the plan, as may be allowed under rules adopted by the board, subject to all of the following conditions: The member has at least one year […]