Colorado § 31-31.5-302 - Social security component minimum contributions.
Full text of Colorado Colorado Revised Statutes § 31-31.5-302 — Social security component minimum contributions., with citation guidance and answers to common questions.
§ 31-31.5-302. Social security component minimum contributions.
(1) This component covers the members of those employers that have elected coverage under the plan pursuant to section 31-31-704.5.
(2) Each member shall make contributions at one-half of the member contribution rate established for the defined benefit component in section 31-31.5-301 by deduction from the salary paid to the member. For each member, the employer shall pay one-half of the employer contribution rate established for the defined benefit component in section 31-31.5-301 including any allocation made to the money purchase component made pursuant to section 31-31.5-301 (3).
Source: L. 2022: Entire article added, (HB 22-1034), ch. 61, p. 285, § 1, effective August 10.
Frequently Asked Questions About Colorado § 31-31.5-302
What does Colorado Revised Statutes § 31-31.5-302 cover?
Section 31-31.5-302 ("Social security component minimum contributions.") 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 § 31-31.5-302?
A common citation format is "Colorado Revised Statutes § 31-31.5-302" (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 § 31-31.5-302 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.