C.R.S. Section 31-31.5-305
Continuing rates of contribution for reentry and affiliating departments


(1)

At the time of reentry or affiliation, the board may establish a continuing rate of contribution for departments reentering or affiliating with the statewide retirement plan in addition to the employer and member contributions otherwise required by this part 3 in order to maintain the actuarial soundness of the plan and the plan for disability and survivors benefits provided for in part 8 of article 31 of this title 31.

(2)

It shall be locally decided during the affiliation process whether the continuing rate of contribution shall be made by the member or the employer or split equally between the member and the employer.

Source: Section 31-31.5-305 — Continuing rates of contribution for reentry and affiliating departments, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑31.5‑101
Establishment of the statewide retirement plan - definitions
31‑31.5‑102
Administration of the plan - rules
31‑31.5‑201
Membership
31‑31.5‑202
Reentering and affiliating employers
31‑31.5‑203
Department chief - exemption by written agreement - definition
31‑31.5‑204
Reemployment
31‑31.5‑301
Defined benefit component minimum contributions
31‑31.5‑302
Social security component minimum contributions
31‑31.5‑303
Hybrid component minimum contributions
31‑31.5‑304
Money purchase component contributions
31‑31.5‑305
Continuing rates of contribution for reentry and affiliating departments
31‑31.5‑306
Picked-up contributions
31‑31.5‑307
Increased local mandatory contribution requirements
31‑31.5‑308
Increased local voluntary contribution requirements
31‑31.5‑309
Remittance of contributions to the association
31‑31.5‑310
Service credit purchases
31‑31.5‑401
Vesting and benefit eligibility
31‑31.5‑402
Plan funding - actuarial valuation and adjustments to maintain the actuarial soundness of the plan
31‑31.5‑403
Defined benefit component benefits
31‑31.5‑404
Social security component benefits
31‑31.5‑405
Hybrid component benefits
31‑31.5‑406
Optional survivor benefits
31‑31.5‑407
Minimum benefit
31‑31.5‑408
Late retirement
31‑31.5‑409
Deferred retirement option plan (DROP)
31‑31.5‑410
Cost of living adjustments - definitions
31‑31.5‑411
Refunds of member contributions
31‑31.5‑501
Vesting
31‑31.5‑502
Normal retirement age
31‑31.5‑503
Individual accounts - investment and account administration
31‑31.5‑504
Distribution of money purchase component accounts
31‑31.5‑601
Modification of plan by the board
Green check means up to date. Up to date

Current through Fall 2024

§ 31-31.5-305’s source at colorado​.gov