reglab/housing_qa huggingface dataset:
CO Code § 24-51-309 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-309. Affiliation by Public Entities

 Except as otherwise provided in section 24-51-320, any political subdivision within the state of Colorado or any public agency created by the state or any of its political subdivisions may make application to the board to affiliate with the association. Any such entity specified in this section that previously exempted its employees from membership in the association may, by ordinance or resolution, apply to the board to be affiliated with the association. All applications shall be subject to approval by the board, and upon approval the benefits, duties, and responsibilities of employers and members shall begin from the date of affiliation with the association. The Denver public schools division shall include charter schools that participate in the DPS plan prior to January 1, 2010, and any future charter schools that are approved by the Denver public schools board of education and that enter into a charter contract with the Denver public schools board of education on or after January 1, 2010. The board shall not allow affiliation into the Denver public schools division of any employer not approved by the Denver public schools board of education.   Source: L. 87: Entire article R&RE, p. 1054, § 1, effective July 1. L. 88: Entire section amended, p. 967, § 2, effective April 28. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1338, § 15, effective January 1, 2010.   Editor's note: This section is similar to former §§ 24-51-202 and 24-51-203 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-311 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-311. Continuation of Membership

 Notwithstanding the provisions of section 24-51-310, employees of a public hospital which is sold, leased, or otherwise transferred to a nonprofit corporation organized pursuant to the laws of this state for the purpose of conducting a hospital, or employees of an association-affiliated employer that has transferred title pursuant to section 26-12-112 (5)(a), C.R.S., to an entity organized pursuant to the laws of the state for the purpose of conducting a long-term care facility or health care facility, may continue membership in the association if the board determines, in its sole discretion, that continued membership will not adversely affect its qualified governmental plan status and if the transfer agreement provides for continuance of membership and the new employer agrees to submit to the association the appropriate amount of employer and member contributions and disbursements pursuant to part 4 of this article.   Source: L. 87: Entire article R&RE, p. 1055, § 1, effective July 1. L. 95: Entire section amended, p. 1105, § 41, effective May 31. L. 2009: Entire section amended, (SB 09-056), ch. 177, p. 783, § 2, effective April 22.   Editor's note: This section is similar to former § 24-51-228 as it existed prior to 1987.
CO Code § 24-51-312 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-312. Payment of Contributions

  Nothing in this article shall be construed as modifying or abridging the responsibilities of any person or employer for any social security payments which may be required pursuant to federal law.    Member or employer contributions paid to the association shall not be considered an increase in the salary of such member.    Service credit shall only be earned from the date membership begins and with the payment of contributions thereto.     Source: L. 87: Entire article R&RE, p. 1055, § 1, effective July 1.   Editor's note: This section is similar to former §§ 24-51-128, 24-51-141, 24-51-146, and 24-51-203 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-313 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-313. Termination of Affiliation - Employer Assigned to Local Government Division - Requirements

  Any political subdivision within the state of Colorado or any public agency created by such a political subdivision that is an employer affiliated with the association pursuant to section 24-51-309 and that is assigned to the local government division may make application to the board to terminate the affiliation of the employer with the association. The application shall be made by submitting to the board an ordinance or resolution that has been adopted by the governing body of the employer and that has been approved by at least sixty-five percent of the employees of the employer who are members. Such employee members of the employer shall be notified in writing of the provisions of section 24-51-321 prior to a vote on an ordinance or resolution to terminate the affiliation of the employer with the association. Notwithstanding the provisions of this subsection    All applications for termination of affiliation shall comply with the requirements set forth in this section, and, except as otherwise provided in this part 3, all applications meeting such requirements shall be approved by the board. Applications which do not meet the requirements of this section shall not be approved by the board. Upon approval of such application, the effective date of termination of affiliation shall not occur earlier than sixty days or later than ninety days after the date upon which such application is submitted to the board.     (1), any such employer that ceases operations or ceases to participate in the association for any reason shall be deemed to have terminated its affiliation with the association and must comply with the provisions of sections 24-51-315 to 24-51-319.   Source: L. 88: Entire section added, p. 965, § 1, effective April 28. L. 2004: (1) amended, p. 1941, § 12, effective January 1, 2006. L. 2018: (1) amended, (SB 18-200), ch. 370, p. 2238, § 6, 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 § 24-51-314 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-314. Termination of Affiliation - Rights of Benefit Recipients and Inactive Members

 The rights of benefit recipients and the vested rights of inactive members shall not be impaired or reduced in any manner as a result of the termination of affiliation of an employer with the association as provided in section 24-51-313.   Source: L. 88: Entire section added, p. 966, § 1, effective April 28.
CO Code § 24-51-315 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-315. Termination of Affiliation - Reserves Requirement

  The board has the authority to determine the amount of reserves required as of the effective date of termination of affiliation to:   Maintain current benefits payable by the association to benefit recipients and to preserve the vested rights of inactive members; and    Fully fund the liability for benefits payable by the association from the health care trust fund created by section 24-51-1201(1) to current and future benefit recipients pursuant to part 12 of this article 51.       The amount of reserves required under subsections (1)(a) and (1)(b) of this section shall be determined by the board utilizing certified actuarial reports prepared by the actuary. The actuarial study shall be conducted using assumptions approved by the board. The actuarial report shall also certify that the termination of affiliation shall not have an adverse financial impact on the actuarial soundness of the local government division trust fund. If the actuary determines, in accordance with accepted actuarial principles, that the termination of affiliation shall have an adverse financial impact on the actuarial soundness of the local government division trust fund, the applicant shall not be permitted to terminate affiliation. On the effective date of termination of affiliation, the actuarial reports prepared pursuant to this subsection (2) shall be updated to finalize the amount of reserves required for the purposes specified in this subsection    The expenses incurred by the board for the actuarial reports prepared as a result of an application for termination of affiliation shall be paid by the employer making such application.    The board shall provide any information contained in such actuarial reports upon request of the employer making the application for termination of affiliation.    The discount rate used for determining the amount of reserves in subsection (1) of this section shall be the actuarial investment assumption rate as set by the board pursuant to sections 24-51-101 (2) and 24-51-204    Determinations made by the board in this section and sections 24-51-313 and 24-51-316 shall be appealed through the administrative review procedures set forth in the board rules. Such final decision by the board shall be subject only to review by proper court action.     (2). The employer making the application and the employees of such employer who are members shall not be required to make any contributions to the association subsequent to the effective date of termination.   (5) minus two hundred basis points.   Source: L. 88: Entire section added, p. 966, § 1, effective April 28. L. 2004: (1) amended, p. 1941, § 13, effective January 1, 2006. L. 2018: (1) and (2) amended and (5) and (6) added, (SB 18-200), ch. 370, p. 2239, § 7, 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 § 24-51-317 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-317. Termination of Affiliation - Member Contributions

 Members who are employees of an employer that has terminated its affiliation with the association shall become inactive members as of the effective date of termination of affiliation. Such members may elect to have their member contributions credited to the alternative pension plan or system required by section 24-51-319. In the absence of such an election, member contributions will remain with the association unless the member otherwise elects to refund such contributions in accordance with section 24-51-405.   Source: L. 88: Entire section added, p. 967, § 1, effective April 28. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2241, § 9, 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 § 24-51-318 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-318. Purchase of Forfeited Service Credit

 The provisions of section 24-51-503 which relate to the purchase of service credit forfeited by the refund of member contributions shall not apply to the members who are employees of an employer which has terminated its affiliation with the association. Such service credit forfeited by such termination of affiliation may be purchased pursuant to the provisions of section 24-51-505.   Source: L. 88: Entire section added, p. 967, § 1, effective April 28.
CO Code § 24-51-319 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-319. Retirement Plan - Creation and Use

 An employer that terminates its affiliation with the association shall utilize an existing, or shall establish an alternative, pension plan or system established pursuant to the provisions of article 54 of this title 24. Failure to utilize or establish an alternative pension plan or system does not excuse the employer from the adherence to the remainder of the termination of affiliation provisions of this part 3.   Source: L. 88: Entire section added, p. 967, § 1, effective April 28. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2241, § 10, 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 § 24-51-320 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-320. Reaffiliation of a Public Entity

  Any employer which terminates its affiliation with the association pursuant to the provisions of section 24-51-313 shall be eligible to apply for reaffiliation with the association as provided in section 24-51-309 no earlier than one year after the effective date of termination of affiliation.    Such application for reaffiliation shall not be submitted to the association unless approved by sixty-five percent of the employees of the public entity who are eligible to become members of the association.    The board shall not approve any application for reaffiliation with the association if such reaffiliation will have an adverse financial impact on the actuarial soundness of the local government division trust fund.     Source: L. 88: Entire section added, p. 967, § 1, effective April 28. L. 2004: (3) amended, p. 1942, § 15, effective January 1, 2006.
CO Code § 24-51-321 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 3 - Membership|§ 24-51-321. No State Liability - Political Subdivision Pension Plans

 The state shall not be held liable for any deficit that occurs in any defined benefit or defined contribution plan or system of any political subdivision within the state of Colorado or any public agency created by such a political subdivision which is an employer which has terminated affiliation with the association.   Source: L. 88: Entire section added, p. 967, § 1, effective April 28.
CO Code § 24-51-403 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-403. Contributions Assumed and Paid by the Employer

 For purposes of deferring federal income tax imposed on salary, the member contributions and the working retiree contributions assumed and paid for by the employer shall be in lieu of paying such amounts as salary and shall be treated as employer contributions pursuant to the provisions of 26 U.S.C. sec. 414 (h)(2), as amended. For all other purposes of this article, member contributions assumed and paid for by the employer shall be considered member contributions.   Source: L. 87: Entire article R&RE, p. 1056, § 1, effective July 1. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 7, § 7, effective January 1, 2011.   Editor's note: This section is similar to former §§ 24-51-104, 24-51-143, 24-51-204, and 24-51-603 as they existed prior to 1987.
CO Code § 24-51-404 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-404. Combining Member Contributions

 Any member whose previous member contribution account has not been refunded shall be credited with such member contributions in said account upon a resumption of membership. Notwithstanding the provisions of this section, members exercising portability between the Denver public schools division and the other association divisions shall be governed by the provisions of section 24-51-1747.   Source: L. 87: Entire article R&RE, p. 1056, § 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1340, § 18, effective January 1, 2010.   Editor's note: This section is similar to former §§ 24-51-110 and 24-51-128 as they existed prior to 1987.
CO Code § 24-51-405.5 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-405.5. Direct Rollovers

 Notwithstanding any other provision of this article, effective January 1, 1993, a terminated member, a surviving spouse, or a named beneficiary may elect to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan in a direct rollover in accordance with section 401 (a)(31) of the federal "Internal Revenue Code of 1986", as amended.   Source: L. 2002: Entire section added, p. 139, § 4, effective March 27. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1340, § 20, effective May 21.
CO Code § 24-51-406 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-406. Payments From the Judicial Division

 Any member of the judicial division who was a member of that division on or before July 1, 1973, and who retires from the judicial division with more than sixteen years of service credit may elect prior to retirement to receive, within ninety days following the effective date of retirement, a payment of the member contributions and interest together with matching employer contributions, calculated pursuant to the provisions of section 24-51-408 (1), that are associated with the service credit earned during the seventeenth through the twentieth years. This payment shall negate the service credit earned during those years.   Source: L. 87: Entire article R&RE, p. 1056, § 1, effective July 1. L. 88: Entire section amended, p. 969, § 1, effective April 14. L. 95: Entire section amended, p. 553, § 3, effective July 1.   Editor's note: This section is similar to former § 24-51-607 as it existed prior to 1987.
CO Code § 24-51-407 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-407. Interest

  Member contributions shall earn interest beginning with the date of the first contribution, and, on succeeding balances, from the date of the first contribution through either the date the member contribution account is refunded and matching employer contributions are paid, the date a single payment is paid to the beneficiary, the date survivor benefits become payable, or the date of retirement, whichever occurs first.    Member contributions made prior to July 1, 1995, shall earn interest at the rate of six and eight-tenths percent per year, compounded annually, in lieu of the former rate, if a member contribution account exists for the person on July 1, 1995.    From July 1, 1995, to June 30, 2004, member contributions shall earn interest at a rate equal to eighty percent of the actuarial investment assumption rate, compounded annually, that was in effect at the time interest was earned.    On and after July 1, 2004, member contributions shall earn interest at a rate specified by the board, compounded annually, that is in effect at the time interest is earned. In no event shall the board specify a rate pursuant to this subsection    Notwithstanding the provisions of this section, DPS member accounts existing as of December 31, 2009, shall be credited regular interest in accordance with section 24-51-1702 (31) through and including December 31, 2009. Thereafter, Denver public schools division member accounts shall earn interest in accordance with subsection (4) of this section.     (4) that exceeds five percent.   Source: L. 95: Entire section added, p. 553, § 4, effective July 1. L. 2004: (3) amended and (4) added, p. 695, § 2, effective July 1. L. 2009: (5) added, (SB 09-282), ch. 288, p. 1341, § 21, effective January 1, 2010. L. 2010: (5) amended, (HB 10-1422), ch. 419, p. 2086, § 72, effective August 11.
CO Code § 24-51-409 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-409. Refund of Erroneous Member Contribution

  It is the intent of the general assembly that the association consider the payment of interest on any erroneous contribution made to a member contribution account and later refunded to the member. It is the further intent of the general assembly that, if the member was intentionally and actively involved in an erroneous contribution with an intent to increase a retirement benefit by including contributions to the member contribution account that were not based on salary, then interest may be withheld by the association as provided in this section.    The association shall refund to an employer, for payment to a member, any erroneous contribution, as defined in section 24-51-101 (21.5), that was made by the employer to a member contribution account. The association shall refund to the employer for payment to such member, in addition to the amount of the erroneous contribution, interest in the amount specified in section 24-51-101 (28)(c) for the period beginning on the date of the contribution and ending on the date of the refund; except that, if the member was intentionally and actively involved in the erroneous contribution made to his or her member contribution account, the refund of interest on that amount may be withheld by the association.     Source: L. 95: Entire section added, p. 518, § 2, effective May 19.   Editor's note: This section was originally numbered as 24-51-407 in House Bill 95-1281 but has been renumbered on revision for ease of location.
CO Code § 24-51-410 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-410. Anticipation of Forfeitures in Determining Plan Cost

 Any benefits forfeited upon a termination of membership in the association shall be anticipated in determining the cost of the plan.   Source: L. 97: Entire section added, p. 64, § 6, effective July 1.
CO Code § 24-51-415 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 4 - Contributions|§ 24-51-415. Defined Contribution Supplement

 Beginning January 1, 2021, and every year thereafter, employer contribution rates will be adjusted to include a defined contribution supplement, which will be calculated separately for the state and local government divisions, as applicable. The defined contribution supplement for each division will be the employer contribution amount paid to defined contribution plan participant accounts that would have otherwise gone to the defined benefit trusts to pay down the unfunded liability, plus any defined benefit investment earnings thereon, expressed as a percentage of salary on which employer contributions have been made. The employer contribution amounts in the sum shall only include contributions made on behalf of eligible employees, as defined in section 24-51-1502, who commence employment on or after January 1, 2019.   Source: L. 2018: Entire section added, (SB 18-200), ch. 370, p. 2247, § 12, effective June 4.   Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.