C.R.S. Section 31-30.5-702
Police officers’ old hire pension plans

  • municipalities under one hundred thousand in population

(1)

If an old hire member of any police department in a municipality having a population of less than one hundred thousand, while in the performance of the member’s duty or by reason of service in such department, becomes physically or mentally disabled and such disability is deemed to be of a temporary nature, the board of trustees shall retire the individual with a disability and shall authorize the payment to such individual, monthly, of an amount from the pension fund equal to the monthly compensation paid any such member as salary at the date of such disability, not to exceed a period of one year. For the purpose of determining the physical or mental disability of any such member, the board of trustees may personally examine the member or may appoint one or more physicians or surgeons to make an examination of the member and report their findings to the board, which report may be taken into consideration in determining whether the member has a physical or mental disability.

(2)

After any old hire member of any police department in a municipality having a population of less than one hundred thousand has been retired temporarily by reason of any disability, the board of trustees has the right at any time to cause such retired member to be brought before it and again examined by competent physicians or surgeons and has the right to examine other witnesses for the purpose of discovering whether such disability yet continues and whether such retired member should be continued on the pension roll, not to exceed a period of one year, or reinstated in the service of the police department, except in case of dismissal or resignation. Such retired member is entitled to notice and to be present at the hearing of any such evidence and may be represented by counsel. The retired member shall be permitted to propound any question pertinent or relevant to such matter and shall also have the right to introduce evidence on the member’s own behalf. All witnesses so produced shall be examined under oath, and any member of such board of trustees is authorized to administer such oath to such witnesses. The decision of such board shall be final.

(3)

If any old hire member or officer of any police department in a municipality having a population of less than one hundred thousand becomes mentally or physically disabled so as to render necessary the member’s retirement from service in such department, said board of trustees shall retire such member from service in such department, and the member shall receive from the pension fund an amount equal to one-half of the monthly salary received by the member at the time the member becomes so disabled. Except as provided in subsection (4) of this section, when any old hire member of such police department or retired old hire member dies and leaves a surviving spouse or dependent parent or children under the age of sixteen years, surviving, the board of trustees shall authorize the payment monthly from the pension fund of the sum of thirty dollars to such surviving spouse or dependent parent and six dollars to each such minor child until the child reaches the age of sixteen years. No pension shall be paid to the dependent parent of the deceased member who leaves a surviving spouse, and, if the surviving spouse of any deceased member remarries, such pension shall cease.

(4)

In those municipalities making contributions from general funds into the old hire police officers’ pension plan pursuant to section 31-30.5-402, the benefits payable in the event an old hire member of such police department or retired member dies and leaves a dependent surviving spouse or dependent parent or children under the age of sixteen years shall be an amount equal to one-fourth the monthly salary received by the member of the department at the time the member died to such surviving spouse or dependent parent and an amount equal to one-eighth of the monthly salary received by the member of the department at the time the member died to each minor child until such child reaches the age of sixteen years. No pension shall be paid to the dependent parent of the deceased member who leaves a surviving spouse, and, if the surviving spouse of any deceased member remarries, such pension shall cease.

(5)

If at any time there is not sufficient money or other property in said pension fund to pay to each beneficiary the full amount per month to which such beneficiary is entitled, an equal percentage of such monthly payment shall be made to each, until such fund is so replenished as to warrant payment in full to each of such beneficiaries.

Source: Section 31-30.5-702 — Police officers’ old hire pension plans - municipalities under one hundred thousand in population, 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

§ 31-30.5-702’s source at colorado​.gov