C.R.S. Section 31-30.5-704
Police officers’ old hire pension plans

  • municipalities of at least one hundred thousand in population

(1)

If any old hire member of the police department in a municipality having a population of at least one hundred thousand, while in the performance of the member’s duty, becomes temporarily totally disabled, physically or mentally, for service by reason of service in such department, the board shall order the payment to such disabled member, monthly during such disability but not to exceed one year, from the old hire pension fund, a sum equal to the monthly compensation allowed such member as salary at the date of the member’s disability if such member is paid no salary as such member. If any old hire member of the police department, while in the performance of the member’s duty, becomes mentally or physically permanently disabled by reason of service in such department so as to render necessary the member’s retirement from service in such department, the board shall retire such disabled member from service in such department. No such retirement on account of disability shall occur unless said member has contracted said disability while in the service of said police department.

(2)

Upon retirement the board shall order the payment to such disabled member from the old hire pension fund a sum equal to one-half the monthly compensation allowed to such the member as salary at the date of the member’s retirement. If any old hire member of the police department in a municipality having a population of at least one hundred thousand, while in the performance of the member’s duty, is killed, dies as a result of an injury received in the line of duty or of any disease contracted by reason of the member’s occupation, dies from any cause whatever as the result of the member’s services in said department, or dies while in the service or on the retired list from any cause and leaves a surviving spouse or a dependent child under sixteen years surviving or, if unmarried, leaves a dependent parent surviving, the board shall direct the payment from the fund, monthly, to such surviving spouse, while unmarried, of thirty dollars, and for each child, while unmarried, until the child reaches the age of sixteen years, six dollars, and to the dependent parent, if such member was unmarried, thirty dollars. The pension to the dependent parent or both shall be paid as follows: If the father is dead, the mother shall receive the entire thirty dollars, and if the mother is dead, the father shall receive the entire thirty dollars, and if both are living, each shall receive fifteen dollars.

Source: Section 31-30.5-704 — Police officers’ old hire pension plans - municipalities of at least 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

§ 31-30.5-704’s source at colorado​.gov