Colorado § 31-31-602 - Withdrawn local alternative pension plans - investment authority.
Full text of Colorado Colorado Revised Statutes § 31-31-602 — Withdrawn local alternative pension plans - investment authority., with citation guidance and answers to common questions.
§ 31-31-602. Withdrawn local alternative pension plans - investment authority.
(1) Except as provided in subsection (2) of this section, any locally administered and financed alternative pension plan fund established pursuant to this part 6 may be managed and invested by the trustees of such plan pursuant to the standard and other provisions for trustees set forth in the "Colorado Uniform Prudent Investor Act", article 1.1 of title 15, C.R.S. Such investments shall be audited at least biennially.
(2) The trustees of a locally administered and financed alternative plan may allow a participant to exercise control of the investment of the participant's accrued benefit under the plan, subject to the following requirements:
(a) The trustees shall select at least three investment alternatives, each of which is diversified in itself, that allow the participant a broad range of investments and a meaningful choice between risk and return in the investment of the participant's accrued benefit;
(b) The trustees shall allow the participant to change investments at least once each calendar quarter; and
(c) The trustees shall provide the participant with information describing the investment alternatives and the nature, investment performance, fees, and expenses of the investment alternatives and other information to enable a participant to make informed investment decisions.
Source: L. 96: Entire article added with relocations, p. 921, § 1, effective May 23. L. 97: Entire section amended, p. 14, § 5, effective March 13. L. 2004: (1) amended, p. 1204, § 76, effective August 4.
PART 7
AFFILIATION OF PLANS WITH THE ASSOCIATION
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-31-602
What does Colorado Revised Statutes § 31-31-602 cover?
Section 31-31-602 ("Withdrawn local alternative pension plans - investment authority.") 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 § 31-31-602?
A common citation format is "Colorado Revised Statutes § 31-31-602" (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 § 31-31-602 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.