Colorado § 31-30-1133 - Qualification requirements - internal revenue code - definitions.
Full text of Colorado Colorado Revised Statutes § 31-30-1133 — Qualification requirements - internal revenue code - definitions., with citation guidance and answers to common questions.
§ 31-30-1133. Qualification requirements - internal revenue code - definitions.
(1) As used in this section, "internal revenue code" means the federal "Internal Revenue Code of 1986", as amended.
(2) Any volunteer firefighter pension plan established by this part 11 to provide retirement benefits for volunteer firefighters shall satisfy the qualification requirements specified in section 401 of the internal revenue code, as applicable to governmental plans. In order to meet those requirements, such plans are subject to the following provisions, notwithstanding any other provision of this part 11:
(a) The board shall distribute the corpus and income of the pension plan to members and their beneficiaries in accordance with this part 11 and the rules adopted by the board.
(b) No part of the corpus or income of the pension plan may be used for or diverted to any purpose other than that of providing benefits to participants and their beneficiaries and defraying reasonable expenses of administering the pension plan, except for an assignment for child support debt pursuant to section 14-14-104, C.R.S., child support arrearages as requested as part of an enforcement action under article 5 of title 14, C.R.S., or child support arrearages that are the subject of enforcement services provided under section 26-13-106, C.R.S., and except for income assignments for child support purposes pursuant to section 14-14-111.5, C.R.S., and a writ of garnishment that is the result of a judgment taken for arrearages for child support or for child support debt.
(3) A board may adopt any provision for a plan that is necessary to comply with the internal revenue code.
Source: L. 98: Entire section added, p. 22, § 1, effective March 16. L. 2006: (2)(b) amended, p. 179, § 2, effective March 31. L. 2009: Entire section amended, (HB 09-1030), ch. 16, p. 87, § 1, effective August 5.
Frequently Asked Questions About Colorado § 31-30-1133
What does Colorado Revised Statutes § 31-30-1133 cover?
Section 31-30-1133 ("Qualification requirements - internal revenue code - definitions.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 31-30-1133?
A common citation format is "Colorado Revised Statutes § 31-30-1133" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 31-30-1133 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.