reglab/housing_qa huggingface dataset:
CO Code § 24-51-1302 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 13 - Life Insurance|§ 24-51-1302. Premiums for Group Life Insurance

  Premiums for life insurance must be received by the association in order for an individual to be covered.    Continuation of life insurance coverage after retirement is available to any retiree from any division who, prior to retirement, authorizes life insurance premiums to be deducted from monthly benefit payments. (2.5) Life insurance coverage after termination of membership may continue for any inactive member who continues to pay life insurance premiums and does not receive a refund pursuant to the provisions of section 24-51-405 or part 17 of this article.    Life insurance provided pursuant to the provisions of this part 13 may be assigned by members, inactive members, or retirees, including those of the Denver public schools division.    The association shall pay no premium subsidy for life insurance.     Source: L. 87: Entire article R&RE, p. 1077, § 1, effective July 1. L. 95: (1), (2), and (3) amended and (2.5) added, p. 266, § 12, effective July 1. L. 2009: (2), (2.5), and (3) amended, (SB 09-282), ch. 288, p. 1352, § 53, effective January 1, 2010.   Editor's note: This section is similar to former § 24-51-103 as it existed prior to 1987.
CO Code § 24-51-1303 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 13 - Life Insurance|§ 24-51-1303. Life Insurance Beneficiary

 Unless a member, DPS member, inactive member, deferred DPS member, retiree, DPS retiree, or a court decree names a different beneficiary for life insurance purposes, the named beneficiary shall be the beneficiary of such life insurance.   Source: L. 87: Entire article R&RE, p. 1077, § 1, effective July 1. L. 95: Entire section amended, p. 266, § 13, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1352, § 54, effective January 1, 2010.
CO Code § 24-51-1304 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 13 - Life Insurance|§ 24-51-1304. Life Insurance for Certain Retired State Employees

  Any retiree who had life insurance coverage pursuant to the provisions of part 2 of article 8 of title 10, C.R.S., on June 30, 1986, shall continue to have such coverage unless the retiree refuses it. Any retiree who refuses such coverage may not resume coverage later.    The board may offer group life insurance coverage through any life insurance company qualified to do business in Colorado or may self-fund such coverage for eligible retirees under this section. The monthly premium shall be deducted from the benefits of each participating retiree and the association shall not pay any premium subsidy.     Source: L. 87: Entire article R&RE, p. 1077, § 1, effective July 1. L. 95: (2) amended, p. 266, § 14, effective July 1.   Editor's note: (1) This section is similar to former § 24-51-1409 as it existed prior to 1987.   (2) The internal reference in subsection (1) to part 2 of article 8 of title 10 refers to that part as it existed prior to its repeal on May 19, 1994.
CO Code § 24-51-1401 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 14 - Voluntary Investment Program|§ 24-51-1401. Voluntary Investment Program Established and Fund Created

  The board is hereby authorized to establish and administer a voluntary investment program and to create a separate trust fund to hold the assets of said investment program.    The voluntary investment program shall be available to all members, DPS members, retirees, and DPS retirees, and shall be in addition to any other retirement or tax-deferred compensation system established by the state or its political subdivisions.    The board is hereby authorized to offer participation in the voluntary investment program to all employees of employers that are affiliated with the association, regardless of whether those employees are members or retirees.    For purposes of this part 14, members and retirees shall include DPS members and DPS retirees.     Source: L. 87: Entire article R&RE, p. 1077, § 1, effective July 1. L. 2001: (2) amended, p. 20, § 1, effective July 1. L. 2009: (3) added, (SB 09-066), ch. 73, p. 256, § 19, effective March 31; (2) amended and (4) added, (SB 09-282), ch. 288, p. 1352, § 55, effective January 1, 2010   Editor's note: This section is similar to former § 24-51-1302 as it existed prior to 1987.
CO Code § 24-51-1403 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 14 - Voluntary Investment Program|§ 24-51-1403. Expenses of the Voluntary Investment Program

 The expenses of administering the voluntary investment program authorized in section 24-51-1401 shall be paid from the investment earnings of such voluntary investment program.   Source: L. 87: Entire article R&RE, p. 1078, § 1, effective July 1.   Editor's note: This section is similar to former § 24-51-1302 as it existed prior to 1987.
CO Code § 24-51-1404 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 14 - Voluntary Investment Program|§ 24-51-1404. Investments of the Voluntary Investment Program

 Participants in the voluntary investment program shall designate that their voluntary contributions be invested in one or more types of investments made available by the board. These investments may include, but are not limited to, equity investments, fixed-income investments, life insurance company products, and any investments permitted pursuant to the provisions of section 24-51-206.   Source: L. 87: Entire article R&RE, p. 1078, § 1, effective July 1. L. 2001: Entire section amended, p. 21, § 3, effective July 1. L. 2009: Entire section amended, (SB 09-066), ch. 73, p. 257, § 21, effective March 31.   Editor's note: This section is similar to former § 24-51-1302 as it existed prior to 1987.
CO Code § 24-51-1500.2 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1500.2. Legislative Declaration

 The general assembly finds and declares that the purpose of the defined contribution plan established in this part 15 is to provide eligible employees who participate in the defined contribution plan with a path toward having a secure retirement through a focus on lifetime retirement income to maintain an eligible employee's standard of living following a full career of employment. The provisions of this part 15 are designed to avoid a negative impact on the defined benefit trusts in this article 51. Employers are responsible for ensuring that their employees understand the advantages and disadvantages of the defined benefit and defined contribution plans.   Source: L. 2018: Entire section added, (SB 18-200), ch. 370, p. 2257, § 21, effective June 4.   Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.
CO Code § 24-51-1504 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1504. Investments

  The plan shall allow a member of the defined contribution plan to exercise control of the investment of the member's account under the plan, subject to the following provisions:   The board shall select at least five investment alternatives that allow a member a meaningful choice between risk and return in the investment of the member's account.    The plan shall allow the member to change investments regularly.    The plan shall provide the member with the information describing the investment alternatives, including information on the nature, investment performance, fees, and expenses of the investment alternatives.       The association and employers shall not have the responsibility to pay for any financial losses experienced by members of the defined contribution plan.     Source: L. 2004: Entire part added, p. 1948, § 23, effective January 1, 2006.
CO Code § 24-51-1506 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1506. Additional Choices Within First Five Years

  An eligible employee who is a member of the association's defined contribution plan, except for individuals who became members of the association's defined contribution plan pursuant to section 24-51-1501 (2) or 24-51-1503 (3), may elect, at any time during the second to fifth year of membership in the plan, to terminate membership in the plan and to become a member of the association's defined benefit plan with benefits and contribution rates specified in parts 4 to 12 of this article. Such election shall be irrevocable.    A member who elects to join the defined benefit plan pursuant to subsection (1) of this section may, upon meeting the requirements of section 24-51-505, purchase service credit for the period of employment covered by the defined contribution plan. The cost to purchase such service shall be the same as the cost determined by the board for the purchase of noncovered employment. The member may elect to have any portion of the member's account paid from the defined contribution plan to the defined benefit plan to facilitate the purchase of service credit through a direct rollover in accordance with section 401 (a)(31) of the federal "Internal Revenue Code of 1986", as amended. The member may not be vested in the defined contribution plan upon purchasing service credit for employment that was covered by the defined contribution plan.    The board, in its sole discretion, may provide optional coverage for disability, survivor, and retiree health care benefits to members of the association's defined contribution plan.    An eligible employee who is a member of the association's defined benefit plan may elect, at any time during the second to fifth year of membership in the plan, to terminate membership in the plan and to become a member of the association's defined contribution plan created pursuant to this part 15. Such election shall be irrevocable.     Source: L. 2004: Entire part added, p. 1949, § 23, effective January 1, 2006. L. 2009: (1) and (3) amended, (SB 09-066), ch. 73, p. 252, § 10, effective March 31.
CO Code § 24-51-1507 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1507. Transfer or Rollover Into Plan

 The defined contribution plan may accept a direct rollover or a member rollover into the member's defined contribution plan account, to the extent permitted by federal law and authorized by the defined contribution plan.   Source: L. 2004: Entire part added, p. 1950, § 23, effective January 1, 2006.
CO Code § 24-51-1508 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1508. Distribution Options

 The defined contribution plan shall include options for the distribution of the defined contribution account, including payment in a lump sum and payment as a lifetime annuity. The state and other employers shall not have liability for any of the payments.   Source: L. 2004: Entire part added, p. 1950, § 23, effective January 1, 2006.
CO Code § 24-51-1509 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1509. Rights of Defined Contribution Plan Members

  A defined contribution plan member shall not be considered a member or a retiree for the purpose of parts 4 to 12 of this article, nor shall his or her survivors or beneficiaries be considered benefit recipients.    A defined contribution plan member may participate in optional life insurance, long-term care insurance, the voluntary investment program, and the deferred compensation plan as provided in this article.    A member of the defined contribution plan shall be eligible to enroll in the health care program as a benefit recipient pursuant to section 24-51-1204 (1)(a) only if the member elects the lifetime annuity distribution option. Any premium subsidy paid shall be based on the years of service credit in the defined benefit plan.    A member of the defined contribution plan who has reached the age at which a distribution would not be subject to a penalty pursuant to the federal "Internal Revenue Code of 1986", as amended, and who returns to employment shall be subject to the provisions of part 11 of this article concerning employment after retirement.    (Deleted by amendment, L. 2009, (SB 09-66), ch. 73, p. 254, § 12, effective March 31, 2009.)     Source: L. 2004: Entire part added, p. 1950, § 23, effective January 1, 2006. L. 2009: (2) and (5) amended, (SB 09-066), ch. 73, p. 254, § 12, effective March 31.
CO Code § 24-51-1510 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1510. Report to Members

 On a quarterly basis, the board shall report to members who participate in the defined contribution plan. The report shall include a statement of account balances, a review of account transactions, and the amount of administrative fees charged to the members during the quarter.   Source: L. 2004: Entire part added, p. 1951, § 23, effective January 1, 2006.
CO Code § 24-51-1511 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 15 - Defined Contribution Retirement Plans|§ 24-51-1511. Limitation on Actions by Eligible Employees

 Administrative actions or civil actions brought by employees to dispute the election for participation or failure to elect participation in the association's defined benefit plan, the association's defined contribution plan, or the defined contribution plan established pursuant to part 2 of article 52 of this title, as said article existed prior to its repeal in 2009, shall commence within one hundred eighty days after the election or within one hundred eighty days of the last day on which the employee may make an election to participate in such plan pursuant to this article and article 52 of this title, whichever is earlier, and not thereafter.   Source: L. 2006: Entire section added, p. 1190, § 26, effective May 25. L. 2009: Entire section amended, (SB 09-066), ch. 73, p. 254, § 13, effective March 31.
CO Code § 24-51-1601 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 16 - Deferred Compensation Plan|§ 24-51-1601. Deferred Compensation Plan and Trust Fund

  Effective July 1, 2009, the state deferred compensation committee established pursuant to section 24-52-102, as said section existed prior to its repeal in 2009, shall be abolished, and the board shall assume the administration of and fiduciary responsibility for the state deferred compensation plan previously administered under part 1 of article 52 of title 24, as said part existed prior to its repeal in 2009. The board shall have the authority to set the terms and conditions of the deferred compensation plan.    The board shall establish, as set forth in section 24-51-208 (1)(j), a deferred compensation plan trust fund, referred to in this part 16 as the "trust fund", to hold the assets of the deferred compensation plan.    The trust fund shall be established under section 24-51-208 (1)(j), effective upon transfer of assets of the deferred compensation plan to the trust fund. The board shall be trustee of the trust fund. No part of the assets and income of the trust fund shall be used for or diverted to purposes other than for the exclusive benefit of participants and their beneficiaries prior to the satisfaction of liabilities with respect to participants and their beneficiaries.    The department of personnel created in section 24-1-128 shall provide for the orderly transfer of all records pertaining to the state deferred compensation plan and the state defined contribution match plan and shall take any other action necessary for the board to assume its duties under this part 16.     Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 258, § 22, effective March 31.
CO Code § 24-51-1602 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 16 - Deferred Compensation Plan|§ 24-51-1602. Affiliation With the Deferred Compensation Plan

  An employee is not eligible to participate in the deferred compensation plan authorized in section 24-51-1601 unless his or her employer is affiliated with such plan.    An employer, as defined in section 24-51-101 (20), may affiliate with the deferred compensation plan by making application to the association. All applications shall be subject to approval by the association. Upon affiliation, employees of the employer are eligible to begin deferring salary to the deferred compensation plan.    All employers that are affiliated with the deferred compensation plan prior to July 1, 2009, including entities that are not affiliated employers of the association, as employer is defined in section 24-51-101 (20), shall remain affiliated and shall not have to apply to the association pursuant to subsection (2) of this section.    Any employee who is employed by an entity that is affiliated with the deferred compensation plan shall be entitled to participate in the plan regardless of whether that individual is a member or retiree of the association.     Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 258, § 22, effective March 31.
CO Code § 24-51-1603 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 16 - Deferred Compensation Plan|§ 24-51-1603. Contributions to the Deferred Compensation Plan

  An employee of an employer affiliated with the deferred compensation plan pursuant to section 24-51-1602 (2) or (3) may participate in the deferred compensation plan authorized in section 24-51-1601 by electing with his or her employer to defer receipt of salary by specifying an amount contributed by payroll deduction. The amount of such deferral by the employee shall be subject to any limitations established by federal law. The amount deferred, including investment earnings, shall be exempt from federal and state income taxes until the ultimate distribution of such contributions has been made to the participant, former participant, or beneficiary.    All voluntary deferrals by a participating member shall be included in the salary of such member in accordance with section 24-51-101 (42) for the purpose of calculating member and employer contributions pursuant to the provisions of section 24-51-401. The member contribution provisions of section 24-51-401 shall not apply to any deferral made by a retiree.    Consistent with the provisions of section 24-51-401 (1.7)(c) and (1.7)(d), the employer shall deliver all deferred compensation contributions to the trust fund via the service provider designated by the association, if applicable, within five days after the date the employees are paid.     Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 259, § 22, effective March 31.
CO Code § 24-51-1604 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 16 - Deferred Compensation Plan|§ 24-51-1604. Expenses of the Deferred Compensation Plan

 The expenses of administering the deferred compensation plan authorized in section 24-51-1601 shall be paid from either the investment earnings or account balances of the deferred compensation plan.   Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 259, § 22, effective March 31.
CO Code § 24-51-1605 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 16 - Deferred Compensation Plan|§ 24-51-1605. Investments of the Deferred Compensation Plan

  Individuals participating in the deferred compensation plan shall designate that their deferred compensation contributions be invested in one or more types of investments made available by the board. These investments may include, but are not limited to, equity investments, fixed-income investments, life insurance company products, and any investments permitted pursuant to section 24-51-206.    Neither the association nor any employers shall have the responsibility to pay for any financial losses experienced by members of the deferred compensation plan.     Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 259, § 22, effective March 31.
CO Code § 24-51-1701 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 17 - Denver Public Schools Division|§ 24-51-1701. Legislative Declaration

  The general assembly hereby finds and declares that:   It is in the best interests of the people of this state to administer the Denver public schools pension system within the state under the public employees' retirement association.    The combination of the Denver public schools retirement system as a separate division of the public employees' retirement association will recognize the distinctive characteristics of that system and its funding over sixty-three years, and will also facilitate the general assembly's anticipated assessment of the contribution and benefit structure of the association's defined benefit plans to maintain the perpetual sustainability of such plans based on the recommendations from the board of trustees of the association in 2010.    The state's seventy-seven-year investment in the defined benefit plans for Colorado public servants has served the state invaluably. The association has provided positive investment returns on funds that, when distributed as benefits, remain substantially within Colorado and fosters a professional and effective governmental service system. These features strengthen the provision of government services for all citizens of the state in ways that no other retirement system could, affecting the public safety and general welfare of the state for the better.    The current separation of pension plans and provisions between Denver public schools employees and the employees of all the other school districts in the state creates artificial barriers for employees to relocate between the systems. Therefore, this separation hinders competitive forces for the placement of teachers and other employees at their potential optimum employment location, preventing the maximization of employee value for all school districts and citizens within the state.       The general assembly further finds and declares that the purpose of this part 17 is to combine the two systems with the intent of facilitating the perpetual future maintenance, security, and sustainability of the defined benefit plans within the public employees' retirement association. Given the special services and benefits rendered by Colorado's public servants to the citizens of the state, it is the province, right, and obligation of the state to care for the members and the dependents and survivors of its public servants who are entitled to retirement benefits due to length of service or age or because they have been injured or disabled in service.     Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1353, § 56, effective May 21.