Colorado Statutes

§ 31-15-902 — Deferred compensation plans

Colorado § 31-15-902
JurisdictionColorado
Title 31Government
Art.Exercise of Municipal Powers

This text of Colorado § 31-15-902 (Deferred compensation plans) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Colo. Rev. Stat. § 31-15-902 (2026).

Text

(1)Notwithstanding any other provision of law, a municipality and its employees may participate in the deferred compensation plan of the international city management association retirement corporation, a nonprofit corporation approved by the United States internal revenue service for establishing a retirement plan. No statute restricting the deposit or investment of municipal money shall be applicable to moneys in such plan.
(2)In addition to the authority granted in subsection (1) of this section, any municipality may otherwise provide a deferred compensation plan for its employees and may, by contract, agree with an employee to defer all or a part of the employee's salary or wages. Funds of such plan may be used to purchase fixed or variable annuities from any life insurance

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Legislative History

Source: L. 77: Entire section added, p. 1464, � 1, effective May 24.

Nearby Sections

15
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Bluebook (online)
Colorado § 31-15-902, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/31/31-15-902.