C.R.S. Section 31-30.5-301
Legislative declaration

The general assembly finds and declares that the establishment of statewide actuarial standards regarding funded and unfunded liabilities of state-assisted old hire police officers’ and firefighters’ pension funds established pursuant to this article is a matter of statewide concern affected with a public interest, and the provisions of this part 3 are enacted in the exercise of the police powers of this state for the purpose of protecting the health, peace, safety, and general welfare of the people of this state. The general assembly further declares that state moneys provided to municipalities, fire protection districts, and county improvement districts do not constitute an obligation of the state to participate in the costs of pension plan benefits but are provided in recognition that said local governments are currently burdened with financial obligations relating to pensions in excess of their present financial capacities. It is the intent of the general assembly in providing state moneys to assist said local governments that state participation decrease annually, terminating at the earliest possible date.

Source: Section 31-30.5-301 — Legislative declaration, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑30.5‑101
Legislative declaration 31‑30.5‑102
Definitions 31‑30.5‑103
Applicability 31‑30.5‑201
Funds created 31‑30.5‑202
Board of trustees - firefighters’ old hire pension fund 31‑30.5‑203
Board of trustees - police officers’ old hire pension fund 31‑30.5‑204
Powers and duties of the board 31‑30.5‑205
Attorneys to advise 31‑30.5‑206
Warrants drawn 31‑30.5‑207
Method of payment 31‑30.5‑208
Fund not subject to levy 31‑30.5‑209
Idle funds 31‑30.5‑210
Plan amendment 31‑30.5‑211
Affiliation with the fire and police pension association 31‑30.5‑212
Qualification requirements - internal revenue code - definitions 31‑30.5‑213
Dissolution of fire departments 31‑30.5‑301
Legislative declaration 31‑30.5‑302
Definitions 31‑30.5‑304
Limitation on existing funds - procedures 31‑30.5‑305
No change in employer obligation 31‑30.5‑306
Actuarial studies 31‑30.5‑307
State contribution 31‑30.5‑401
Sources of revenue for fund 31‑30.5‑402
Municipalities under fifty thousand - limit of contributions to old hire police officers’ pension plans 31‑30.5‑403
Employers under one hundred thousand - limit of contributions to old hire firefighter pension plans 31‑30.5‑404
Plans affiliated with the fire and police pension association 31‑30.5‑501
Old hire pension fund - investments 31‑30.5‑502
Insurance - investment by banks and trust companies 31‑30.5‑503
Alternative investment authority 31‑30.5‑601
Police officers’ old hire pension plans - municipalities under one hundred thousand in population 31‑30.5‑602
Firefighters’ old hire pension plans - municipalities and districts under one hundred thousand in population 31‑30.5‑603
Police officers’ old hire pension plans - municipalities of at least one hundred thousand in population 31‑30.5‑604
Firefighters’ old hire pension plans - municipalities of at least one hundred thousand in population 31‑30.5‑701
Coverage 31‑30.5‑702
Police officers’ old hire pension plans - municipalities under one hundred thousand in population 31‑30.5‑703
Firefighters’ old hire pension plans - municipalities and districts under one hundred thousand in population 31‑30.5‑704
Police officers’ old hire pension plans - municipalities of at least one hundred thousand in population 31‑30.5‑705
Firefighters’ old hire pension plans - municipalities of at least one hundred thousand in population 31‑30.5‑801
Exempt alternative programs authorized 31‑30.5‑802
Exempt money purchase plan option 31‑30.5‑803
Investment authority
Green check means up to date. Up to date

Current through Fall 2024

§ 31-30.5-301’s source at colorado​.gov