Colorado § 31-30.5-306 - Actuarial studies.
Full text of Colorado Colorado Revised Statutes § 31-30.5-306 — Actuarial studies., with citation guidance and answers to common questions.
§ 31-30.5-306. Actuarial studies.
(1) An actuarial study of each old hire police officers' and firefighters' pension fund administered by the association shall be conducted not later than July 1, 2014, and an updated actuarial study shall be conducted by the association every two years thereafter until the plan is terminated.
(2) (a) The association shall designate actuaries or firms of actuaries to supervise, conduct, or review actuarial studies required by this section.
(b) The fire and police pension association's board of directors shall specify the actuarial assumptions to be used in each such actuarial study.
(3) Costs of all such actuarial studies are an expense of the old hire plan and the fire and police pension association is authorized to pay for such costs as provided in section 31-31-302 (3).
(4) (Deleted by amendment, L. 2014.)
Source: L. 96: Entire article added with relocations, p. 873, § 1, effective May 23. L. 2001: (1)(b) amended, p. 302, § 1, effective August 8. L. 2003: (1)(b)(II) amended, p. 1473, § 2, effective May 1. L. 2006: (1)(b)(II) amended, p. 181, § 6, effective March 31. L. 2009: (1)(b)(II) amended, (SB 09-227), ch. 125, p. 541, § 2, effective April 16. L. 2011: (1)(b)(II) amended, (SB 11-221), ch. 152, p. 529, § 2, effective May 5. L. 2014: Entire section amended, (SB 14-031), ch. 52, p. 241, § 5, effective March 20.
Editor's note: This section was formerly numbered as § 31-30-1014.5.
Frequently Asked Questions About Colorado § 31-30.5-306
What does Colorado Revised Statutes § 31-30.5-306 cover?
Section 31-30.5-306 ("Actuarial studies.") 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 § 31-30.5-306?
A common citation format is "Colorado Revised Statutes § 31-30.5-306" (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 § 31-30.5-306 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.