C.R.S. Section 31-15-902
Deferred compensation plans

(1)

Notwithstanding any other provision of law, a municipality and its employees may participate in the deferred compensation plan of the international city management association retirement corporation, a nonprofit corporation approved by the United States internal revenue service for establishing a retirement plan. No statute restricting the deposit or investment of municipal money shall be applicable to moneys in such plan.

(2)

In addition to the authority granted in subsection (1) of this section, any municipality may otherwise provide a deferred compensation plan for its employees and may, by contract, agree with an employee to defer all or a part of the employee’s salary or wages. Funds of such plan may be used to purchase fixed or variable annuities from any life insurance company duly authorized to do an insurance and annuity business in this state or may otherwise be deposited and invested in accordance with any statute applicable to the deposit or investment of municipal money.

(3)

If a municipality participates in or establishes a deferred compensation plan for its employees pursuant to this section and if such plan is in addition to any other pension or retirement plan provided by the municipality, the amount of an employee’s deferred compensation shall continue to be counted as part of his total salary or wages for the purpose of computing any other pension or retirement contributions or benefits which are based on total salary or wages.

Source: Section 31-15-902 — Deferred compensation plans, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑15‑101
Municipalities bodies politic - powers 31‑15‑102
Review without bond 31‑15‑103
Making of ordinances 31‑15‑104
Powers not exclusive 31‑15‑201
Administrative powers 31‑15‑301
Definitions 31‑15‑302
Financial powers - legislative declaration 31‑15‑401
General police powers 31‑15‑402
Liability for violation of nuisance ordinance 31‑15‑403
Prohibition against the use of restraints on pregnant women in custody 31‑15‑404
Menstrual hygiene products for a person in custody 31‑15‑405
Opioid treatment for a person in custody 31‑15‑406
Incarceration of a person with the capacity for pregnancy 31‑15‑407
Access to criminal history record information - illicit massage businesses - human trafficking - definitions 31‑15‑501
Powers to regulate businesses 31‑15‑601
Building and fire regulations - emission performance standards required - reporting 31‑15‑602
Energy efficient building codes - legislative declaration - definitions - repeal 31‑15‑603
Charging station rules prohibited 31‑15‑701
Necessary buildings 31‑15‑702
Streets and alleys 31‑15‑703
Improvements - petition - construction 31‑15‑704
Collection of assessments 31‑15‑705
Construction of highway - petition - notice - election - tax 31‑15‑706
Railroad track 31‑15‑707
Municipal utilities 31‑15‑708
Water and water systems 31‑15‑709
Sewers and sewer systems 31‑15‑710
Water pollution control 31‑15‑711
Other public improvements 31‑15‑711.5
Municipal jails - sanitary standards 31‑15‑712
Public improvements by contract - cities 31‑15‑713
Power to sell public works - real property 31‑15‑714
Oil and gas leases - unit agreements 31‑15‑715
Legislative declaration concerning landfill gas 31‑15‑716
Municipal authority relating to landfill gas 31‑15‑801
Agreements - ordinance - financing 31‑15‑802
Tax exemption 31‑15‑803
Enforceability 31‑15‑901
Miscellaneous powers 31‑15‑902
Deferred compensation plans 31‑15‑903
Legislative declaration - municipalities - new business facilities - expanded or existing business facilities - incentives - limitations - authority to exceed revenue-raising limitation 31‑15‑904
Third-party food delivery service fee restrictions - definitions 31‑15‑905
Regulation of pesticide use - definitions 31‑15‑1001
Legislative declaration 31‑15‑1002
Definitions 31‑15‑1003
Municipal authority relating to solid waste-to-energy incineration systems 31‑15‑1004
Department of public health and environment rules 31‑15‑1101
Mobile home parks - definition
Green check means up to date. Up to date

Current through Fall 2024

§ 31-15-902’s source at colorado​.gov