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Legislative Year: 2024 Change
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Bill Detail: HB24-1042

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Title Fire & Police Pension Law Technical Corrections
Status Governor Signed (03/06/2024)
Bill Subjects
  • Local Government
  • State Government
House Sponsors M. Snyder (D)
R. Taggart (R)
Senate Sponsors K. Van Winkle (R)
C. Kolker (D)
House Committee Finance
Senate Committee Finance
Date Introduced 01/10/2024
AI Summary
Summary

Pension Review Commission. House Bill 22-1034 merged 3
retirement plans administered by the fire and police pension association,
the statewide defined benefit plan, the statewide hybrid plan, and the
social security supplemental plan into a single statewide retirement plan.
House Bill 22-1034 accomplished the merger in part by repealing several
statutes and relocating some of the substantive provisions of those
statutes into new statutes. In doing so, certain statutory cross references
were not properly updated to reflect the repeals and relocations. The bill
updates the obsolete statutory cross references.
In addition, the bill updates the definition of member in the new
hire pension plan statute to clarify that a portion of the definition applies
only for purposes of the statewide money purchase plan. The bill also
repeals an inapplicable portion of the definition of member in the
statewide retirement plan statute.

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with Amendments
Full Text
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Fiscal Notes Fiscal Notes (07/16/2024) (most recent)  
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