Colorado § 31-30.5-210 Plan amendment

Colorado Statutes

§ 31-30.5-210 — Plan amendment

Colorado § 31-30.5-210

Title 31Government

Art.Fire - Police - Old Hire Pension Plans

This text of Colorado § 31-30.5-210 (Plan amendment) 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. § 31-30.5-210 (2026).

Text

(1)No modification of any provision of an old hire pension plan established pursuant to this article may be made after December 1, 1978, except as may be authorized by subsection (2) of this section.

(2)Upon the request of an employer and with the approval of sixty-five percent of the active and retired old hire members, the board of directors of the fire and police pension association established pursuant to section 31-31-201 (1), shall permit the modification of any provision of an old hire pension plan established pursuant to this article, if the board determines that such modification will maintain or enhance the actuarial soundness, as defined in section 31-31-102 (1), of such fund. In addition, upon the request of an employer, the board shall permit the modification of an

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(1) No modification of any provision of an old
hire pension plan established pursuant to this article may be made after December
1, 1978, except as may be authorized by subsection (2) of this section.

(2) Upon the request of an employer and with the approval of sixty-five
percent of the active and retired old hire members, the board of directors of the fire
and police pension association established pursuant to section 31-31-201 (1), shall
permit the modification of any provision of an old hire pension plan established
pursuant to this article, if the board determines that such modification will maintain
or enhance the actuarial soundness, as defined in section 31-31-102 (1), of such
fund. In addition, upon the request of an employer, the board shall permit the
modification of any provision of an old hire pension plan necessary to comply with
state or federal law. Such modification may be made without the approval of the
active and retired old hire members. This subsection (2) shall not be construed to
authorize the board to allow a modification of any such old hire plan so as to change
the nature of the plan from a defined benefit plan to a money purchase plan or to
adversely affect the pension benefits of active or retired old hire members.

Legislative History

Source: L. 96: Entire article added with relocations, p. 865, � 1, effective May 23. L. 2003: (2) amended, p. 827, � 2, effective April 1. L. 2005: (2) amended, p. 135, � 2, effective August 8.