Colorado § 31-31-301 Investment funds - creation

Colorado Statutes

§ 31-31-301 — Investment funds - creation

Colorado·Title 31 Government·Art. Fire - Police - New Hire Pension Plans

(1)(a) There is hereby created the fire and police members' benefit investment fund, which shall consist of the portion of the assets that are designated for investment by the board of the following plans:

(I)The defined benefit system established in part 2 of this article;

(II)Old hire police and fire pension plans established in article 30.5 of this title, which are affiliated with the association pursuant to part 7 of this article;

(III)Exempt plans established pursuant to part 8 of article 30.5 of this title, which are affiliated with the association pursuant to part 7 of this article;

(IV)Volunteer firefighter pension plans, which are affiliated with the association pursuant to part 7 of this article; and

(V)The statewide death and disability plan established in part

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(1) (a) There is hereby created the
fire and police members' benefit investment fund, which shall consist of the portion
of the assets that are designated for investment by the board of the following
plans:

(I) The defined benefit system established in part 2 of this article;

(II) Old hire police and fire pension plans established in article 30.5 of this
title, which are affiliated with the association pursuant to part 7 of this article;

(III) Exempt plans established pursuant to part 8 of article 30.5 of this title,
which are affiliated with the association pursuant to part 7 of this article;

(IV) Volunteer firefighter pension plans, which are affiliated with the
association pursuant to part 7 of this article; and

(V) The statewide death and disability plan established in part 8 of this
article.

(b) The board shall keep an accurate account of the assets of each plan
deposited in the investment fund and shall disburse moneys in accordance with the
provisions of this article and the applicable plan document.

(2) and (3) (Deleted by amendment, L. 2006, p. 186, � 11, effective March 31,
2006.)

(4) (a) There is hereby created the fire and police members' self-directed
investment fund, which shall consist of the portion of the assets that are
designated for self-direction by the member of the following plans:

(I) The defined benefit system established in part 2 of this article;

(II) Old hire police and fire pension plans established in article 30.5 of this
title, which are affiliated with the association pursuant to part 7 of this article;

(III) The fire and police members' statewide money purchase plan
established in part 5 of this article;

(IV) Repealed.

(V) The fire and police members' deferred compensation plans established in
part 9 of this article; and

(VI) The affiliated exempt plans which are affiliated with the association
pursuant to part 7 of this article.

(b) The board shall keep an accurate account of the assets of each plan
deposited in the investment fund and shall disburse moneys in accordance with the
provisions of this article and the applicable plan document.

Colorado § 31-31-301 (Investment funds - creation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 96: Entire article added with relocations, p. 899, � 1, effective May 23. L. 2000: (3)(d) repealed, p. 76, � 2, effective August 2. L. 2003: (1)(a)(V) added, p. 744, � 1, effective August 6. L. 2006: Entire section amended, p. 186, � 11, effective March 31. L. 2010: (4)(a)(IV) repealed, (SB 10-024), ch. 20, p. 90, � 5, effective August 11.