Colorado § 24-51-403 Contributions assumed and paid by the employer

Colorado Statutes

§ 24-51-403 — Contributions assumed and paid by the employer

Colorado·Title 24 Government·Art. Public Employees' Retirement Association

For purposes
of deferring federal income tax imposed on salary, the member contributions and
the working retiree contributions assumed and paid for by the employer shall be in
lieu of paying such amounts as salary and shall be treated as employer
contributions pursuant to the provisions of 26 U.S.C. sec. 414 (h)(2), as amended. For
all other purposes of this article, member contributions assumed and paid for by the
employer shall be considered member contributions.

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For purposes
of deferring federal income tax imposed on salary, the member contributions and
the working retiree contributions assumed and paid for by the employer shall be in
lieu of paying such amounts as salary and shall be treated as employer
contributions pursuant to the provisions of 26 U.S.C. sec. 414 (h)(2), as amended. For
all other purposes of this article, member contributions assumed and paid for by the
employer shall be considered member contributions.

Colorado § 24-51-403 (Contributions assumed and paid by the employer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 87: Entire article R&RE, p. 1056, � 1, effective July 1. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 7, � 7, effective January 1, 2011.