Colorado § 31-30.5-307 - State contribution.
Full text of Colorado Colorado Revised Statutes § 31-30.5-307 — State contribution., with citation guidance and answers to common questions.
§ 31-30.5-307. State contribution.
(1) (a) (Deleted by amendment, L. 2014.)
(b) (I) Each employer having rank escalation and having old hire members shall determine for each such employee the percentage that such employee's years served as of January 1, 1980, bear to the total number of years required for retirement. At retirement, the retirement pension shall be divided into that percentage and the remainder. The portion of the retirement pension equal to that percentage earned as of January 1, 1980, shall be subject to rank escalation as provided under the old hire pension plan, and the remainder of the retirement pension shall be subject to the same adjustment as that determined by the fire and police pension association board of directors pursuant to section 31-31.5-410.
(II) An employer may elect to continue full rank escalation benefits for that portion of the retirement pension subject to the adjustment as provided in subparagraph (I) of this paragraph (b), but no state contribution shall be used to fund such continuation of rank escalation or any unfunded liabilities incurred as a result of such continuation of rank escalation.
(c) (Deleted by amendment, L. 2014.)
(d) Repealed.
(2) (a) Moneys transferred from the state treasurer as state assistance to the old hire plan members' benefit trust fund shall not revert to the general fund but are continuously available for the purposes provided in this part 3 and part 11 of article 30 of this title.
(b) No other transfers for state assistance to the old hire plans shall be made to the old hire plan members' benefit trust fund pursuant to this section.
(2.5) Repealed.
(3) to (6) (Deleted by amendment, L. 2014.)
Source: L. 96: Entire article added with relocations, p. 874, § 1, effective May 23. L. 98: (1)(b)(I) amended, p. 826, § 43, effective August 5. L. 99: (2.5) added, p. 1269, § 2, effective August 4. L. 2000: (2.5) repealed, p. 271, § 2, effective March 31. L. 2001: (1)(d) amended and (4) added, p. 302, § 2, effective August 8; (1)(d) repealed, p. 1180, § 18, effective August 8. L. 2003: (1)(a), (1)(c), (2), and (4) amended and (5) added, p. 1473, § 3, effective May 1. L. 2004: (2) amended, p. 1203, § 72, effective August 4. L. 2005: (6) added, p. 756, § 2, effective June 1. L. 2006: (2), (5)(a), (5)(b), and (6) amended, p. 181, § 7, effective March 31. L. 2009: (1)(a), (1)(c), (2), (4), (5)(a), and (5)(b) amended, (SB 09-227), ch. 125, p. 541, § 3, effective April 16. L. 2011: (1)(a), (1)(c), (2), (4), (5)(a)(II), and (5)(b) amended, (SB 11-221), ch. 152, p. 529, § 3, effective May 5. L. 2013: (2) and (3) amended, (SB 13-234), ch. 180, p. 663, § 1, effective May 10. L. 2014: Entire section amended, (SB 14-031), ch. 52, p. 242, § 6, effective March 20. L. 2024: (1)(b)(I) amended, (HB 24-1042), ch. 15, p. 37, § 4, effective March 6.
Editor's note: (1) This section was formerly numbered as § 31-30-1014 (4), (5), and (7).
(2) Subsection (1)(d) was amended in House Bill 01-1008. Those amendments were superseded by the repeal of subsection (1)(d) in Senate Bill 01-208.
ANNOTATION
A similar provision of law applied in City of Colo. Springs v. State, 626 P.2d 1122 (Colo. 1980).
PART 4
FUNDING - NONSTATE ASSISTED PLANS
Frequently Asked Questions About Colorado § 31-30.5-307
What does Colorado Revised Statutes § 31-30.5-307 cover?
Section 31-30.5-307 ("State contribution.") 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 § 31-30.5-307?
A common citation format is "Colorado Revised Statutes § 31-30.5-307" (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 § 31-30.5-307 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.