§ 31-30.5-213 — Dissolution of fire departments

Colorado § 31-30.5-213

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Fire - Police - Old Hire Pension Plans

Text

In the event of dissolution, for
any reason, of fire departments whereby the services of firefighters or fire
departments are discontinued, the firefighters or their surviving spouses,
dependent parents, and children receiving benefits at the time of such dissolution
shall continue to receive such benefits in accordance with the provisions of this
article. Assets of the pension funds shall be transferred with other assets of the
department and shall be administered by the board of trustees of the successor
pension fund. In no event shall the rate of compensation be altered either after
commencement of proceedings for dissolution has occurred or after its completion.
After attaining fifty years of age, any firefighter having accrued ten or more years
of active service at the time of such dissolution shall be granted an annuity,
prorated in accordance with the number of years of service and the amount of
annuity being paid for age and service pensions by the board of trustees of such
pension fund at the time of such dissolution.

Legislative History

Source: L. 96: Entire article added with relocations, p. 867, � 1, effective May 23.