Colorado § 24-51-1401 - Voluntary investment program established and fund created - definitions.

§ 24-51-1401. Voluntary investment program established and fund created - definitions.

(1) 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.

(2) [Editor's note: This version of subsection (2) is effective until January 1, 2027.] 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.

(2) [Editor's note: This version of subsection (2) is effective January 1, 2027.] The voluntary investment program established pursuant to this section must:

(a) Be available to all employees of an employer;

(b) Be in addition to any other retirement or tax-deferred compensation system established by the state or its political subdivisions; and

(c) Include options for an employee of an employer to make tax-deferred voluntary contributions and Roth voluntary contributions to the voluntary investment program.

(3) [Editor's note: This version of subsection (3) is effective until January 1, 2027.] 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.

(3) [Editor's note: This version of subsection (3) is effective January 1, 2027.] Repealed.

(4) [Editor's note: This version of subsection (4) is effective until January 1, 2027.] For purposes of this part 14, members and retirees shall include DPS members and DPS retirees.

(4) [Editor's note: This version of subsection (4) is effective January 1, 2027.] For purposes of this part 14, the term "member" includes a DPS member and the term "retiree" includes a DPS retiree.

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and (4) added, (SB 09-282), ch. 288, p. 1352, § 55, effective January 1, 2010 L. 2026: (2) and (4) amended and (3) repealed, (HB 26-1026), ch. 263, p. 1459, § 5, effective January 1, 2027.

Editor's note: This section is similar to former § 24-51-1302 as it existed prior to 1987.