Colorado § 31-31.5-101 - Establishment of the statewide retirement plan.
Full text of Colorado Colorado Revised Statutes § 31-31.5-101 — Establishment of the statewide retirement plan., with citation guidance and answers to common questions.
§ 31-31.5-101. Establishment of the statewide retirement plan.
(1) The statewide retirement plan is hereby established to provide defined benefit and money purchase retirement benefits to members of employers affiliated with the plan. Initial employers affiliated with the plan include those departments that participated in the statewide defined benefit plan established pursuant to part 4 of article 31 of this title 31, the statewide hybrid plan established pursuant to part 11 of article 31 of this title 31, and the social security supplemental plan established pursuant to part 7 of article 31 of this title 31 as such plans existed before their merger into the statewide retirement plan pursuant to House Bill 22-1034, enacted in 2022.
(2) The board is the trustee of the statewide retirement plan, and has those fiduciary duties to the plan and the members of the plan as expressly provided by law.
(3) The board, as a fiduciary, may delegate one or more of its responsibilities under this article 31.5 but shall maintain its responsibility for oversight of the delegation.
(4) (a) The statewide retirement plan is intended to comply with the qualification requirements specified in section 401 (a) of the "Internal Revenue Code of 1986", as amended and applicable to governmental plans, as defined in section 414 (d) of said code.
(b) The board may adopt any provision for the plan that is necessary or in the board's judgment prudent to comply with state or federal law.
(5) Repealed.
Source: L. 2022: Entire article added, (HB 22-1034), ch. 61, p. 280, § 1, effective August 10; (1) amended, (SB 22-212), ch. 421, p. 2989, § 98, effective August 10. L. 2023: (5)(f) amended, (HB 23-1301), ch. 303, p. 1840, § 75, effective August 7. L. 2024: (5)(f) and (5)(i) amended, (HB 24-1042), ch. 15, p. 40, § 12, effective March 6. L. 2025: (5) repealed, (SB 25-275), ch. 377, p. 2109, § 336, effective August 6.
Editor's note: (1) Subsection (5)(i) was numbered as (5)(g) in HB 22-1034 but has been renumbered on revision for ease of location.
(2) Subsection (5) was relocated to § 31-31.5-100.3 in 2025.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-31.5-101
What does Colorado Revised Statutes § 31-31.5-101 cover?
Section 31-31.5-101 ("Establishment of the statewide retirement plan.") 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 § 31-31.5-101?
A common citation format is "Colorado Revised Statutes § 31-31.5-101" (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 § 31-31.5-101 apply to my situation?
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Sources & Verification
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