Colorado § 31-31.5-101 Establishment of the statewide retirement plan

Colorado Statutes

§ 31-31.5-101 — Establishment of the statewide retirement plan

Colorado § 31-31.5-101

Title 31Government

Art.Fire and Police Pension Association of Colorado Statewide Retirement Plan

This text of Colorado § 31-31.5-101 (Establishment of the statewide retirement plan) 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. § 31-31.5-101 (2026).

Text

(1)The statewide retirement plan is hereby established to provide defined benefit and money purchase retirement benefits to members of employers affiliated with the plan. Initial employers affiliated with the plan include those departments that participated in the statewide defined benefit plan established pursuant to part 4 of article 31 of this title 31, the statewide hybrid plan established pursuant to part 11 of article 31 of this title 31, and the social security supplemental plan established pursuant to part 7 of article 31 of this title 31 as such plans existed before their merger into the statewide retirement plan pursuant to House Bill 22-1034, enacted in 2022.

(2)The board is the trustee of the statewide retirement plan, and has those fiduciary duties to the plan and

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(1) The
statewide retirement plan is hereby established to provide defined benefit and
money purchase retirement benefits to members of employers affiliated with the
plan. Initial employers affiliated with the plan include those departments that
participated in the statewide defined benefit plan established pursuant to part 4 of
article 31 of this title 31, the statewide hybrid plan established pursuant to part 11 of
article 31 of this title 31, and the social security supplemental plan established
pursuant to part 7 of article 31 of this title 31 as such plans existed before their
merger into the statewide retirement plan pursuant to House Bill 22-1034, enacted
in 2022.

(2) The board is the trustee of the statewide retirement plan, and has those
fiduciary duties to the plan and the members of the plan as expressly provided by
law.

(3) The board, as a fiduciary, may delegate one or more of its responsibilities
under this article 31.5 but shall maintain its responsibility for oversight of the
delegation.

(4) (a) The statewide retirement plan is intended to comply with the
qualification requirements specified in section 401 (a) of the Internal Revenue
Code of 1986, as amended and applicable to governmental plans, as defined in
section 414 (d) of said code.

(b) The board may adopt any provision for the plan that is necessary or in the
board's judgment prudent to comply with state or federal law.

(5) Repealed.

Legislative History

Source: L. 2022: Entire article added, (HB 22-1034), ch. 61, p. 280, � 1, effective August 10; (1) amended, (SB 22-212), ch. 421, p. 2989, � 98, effective August 10. L. 2023: (5)(f) amended, (HB 23-1301), ch. 303, p. 1840, � 75, effective August 7. L. 2024: (5)(f) and (5)(i) amended, (HB 24-1042), ch. 15, p. 40, � 12, effective March 6. L. 2025: (5) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.