Colorado § 31-31.5-405 Hybrid component benefits

Colorado Statutes

§ 31-31.5-405 — Hybrid component benefits

Colorado § 31-31.5-405

Title 31Government

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

This text of Colorado § 31-31.5-405 (Hybrid component benefits) 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. § 31-31.5-405 (2026).

Text

(1)In calculating the normal retirement pension for a member who has years of service credit in the hybrid component, the benefit shall be:

(a)A multiplier, which the board shall establish by adjusting the funding status of the predecessor statewide hybrid plan to equal the funding status of the predecessor statewide defined benefit plan using valuations as of December 31, 2021, and based on the recommendations made by the plan's actuary, multiplied by the years of service credit earned or purchased in the statewide hybrid plan prior to January 1, 2023, multiplied by the average of the member's highest three years' base salary; plus

(b)One and one-half percent multiplied by the years of service credit earned or purchased in the hybrid component on or after January 1, 2023, mu

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(1) In calculating the normal
retirement pension for a member who has years of service credit in the hybrid
component, the benefit shall be:

(a) A multiplier, which the board shall establish by adjusting the funding
status of the predecessor statewide hybrid plan to equal the funding status of the
predecessor statewide defined benefit plan using valuations as of December 31,
2021, and based on the recommendations made by the plan's actuary, multiplied by
the years of service credit earned or purchased in the statewide hybrid plan prior to
January 1, 2023, multiplied by the average of the member's highest three years'
base salary; plus

(b) One and one-half percent multiplied by the years of service credit earned
or purchased in the hybrid component on or after January 1, 2023, multiplied by the
average of the member's highest three years' base salary.