Colorado § 31-31.5-102 Administration of the plan - rules

Colorado Statutes

§ 31-31.5-102 — Administration of the plan - rules

Colorado § 31-31.5-102

Title 31Government

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

This text of Colorado § 31-31.5-102 (Administration of the plan - rules) 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. § 31-31.5-102 (2026).

Text

(1)(a) Contributions and earnings to all components of the statewide retirement plan shall be held in trust as part of the defined benefit system trust fund.

(b)There is hereby established in the defined benefit system trust fund, a lifetime benefits account into which contributions made pursuant to sections 31-31.5-301, 31-31.5-302, and 31-31.5-303 must be deposited. The defined benefits of the lifetime benefit components, including cost of living adjustments provided by the plan pursuant to part 4 of this article 31.5, together with the expenses of administering the lifetime benefit components of the plan, shall be paid from the account. The lifetime benefits account shall be invested within the fire and police members' benefit investment fund.

(c)There is established in the

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(1) (a) Contributions and
earnings to all components of the statewide retirement plan shall be held in trust as
part of the defined benefit system trust fund.

(b) There is hereby established in the defined benefit system trust fund, a
lifetime benefits account into which contributions made pursuant to sections 31-31.5-301, 31-31.5-302, and 31-31.5-303 must be deposited. The defined benefits of
the lifetime benefit components, including cost of living adjustments provided by
the plan pursuant to part 4 of this article 31.5, together with the expenses of
administering the lifetime benefit components of the plan, shall be paid from the
account. The lifetime benefits account shall be invested within the fire and police
members' benefit investment fund.

(c) There is established in the defined benefit system trust fund, a money
purchase account into which contributions made pursuant to section 31-31.5-304
must be deposited and assigned to individual accounts and administered pursuant
to part 5 of this article 31.5. The board may create subaccounts within the account
to adequately track the vesting and the source of money deposited into the account
on behalf of each member. The money purchase component account must be
invested within the fire and police members' self-directed investment fund.

(d) The board shall keep an accurate account of the assets and liabilities of
the lifetime benefits account and the money purchase component account.

(2) The board may adopt by rule such matters as may be necessary to codify
the board's interpretation, administration, and management of the statewide
retirement plan.

(3) The board may provide for the administration of domestic relations orders
issued pursuant to article 10 of title 14 with regard to the plan or its predecessor
plans.