§ 31-31.5-204 — Reemployment

Colorado § 31-31.5-204

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Fire and Police Pension Association of Colorado Statewide Retirement Plan

Text

(1) An inactive member who is subsequently
reemployed shall participate in the plan in the manner prescribed by rules adopted
by the board.

(2) (a) The board shall adopt rules regarding the treatment of a member who
participates in the statewide retirement plan, incurs a bona fide separation from
service, elects a retirement, and subsequently returns to work with an employer
who participates in the statewide retirement plan in conformance with the federal
Internal Revenue Code of 1986, as amended.

(b) Such rules must indicate:

(I) Whether the member continues to receive benefit distributions during the
reemployment or whether the member's benefit distribution ceases during
reemployment;

(II) Whether the member earns additional service credit as determined by the
plan in which the subsequent employer participates or whether the member earns
additional retirement benefits by participating in an alternate money purchase plan;
and

(III) Whether the benefit distribution, if ceased during reemployment,
resumes when the member subsequently separates from service.

Legislative History

Source: Entire article added, (HB 22-1034), ch. 61, p. 284, � 1, effective August 10.