Colorado Statutes

§ 31-31-412 — Merger into the statewide retirement plan

Colorado·Title 31 Government·Art. Fire - Police - New Hire Pension Plans
(1)(a) On or about January 1, 2023, the assets and liabilities of the statewide defined benefit plan shall merge into the statewide retirement plan created pursuant to article 31.5 of this title 31.
(b)Statewide defined benefit assets held in the actuarial account pursuant to this part 4 shall be transferred to the lifetime benefits account created pursuant to part 1 of article 31.5 of this title 31.
(c)Stabilization reserve account assets held in separate retirement accounts pursuant to this part 4 shall be transferred to the money purchase account created pursuant to part 1 of article 31.5 of this title 31.
(d)Deferred retirement option plan account assets of the statewide defined benefit plan shall be transferred to the money purchase account created pursuant to part 1 o

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Legislative History

Source: L. 2022: Entire section added, (HB 22-1034), ch. 61, p. 304, � 7, effective August 10.

Nearby Sections

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