NOTE: The governor signed this measure on 4/4/2013.
      
      
      HOUSE BILL 13-1054
      
      
      BY REPRESENTATIVE(S) Melton and Exum, Buckner, Fields, Ginal,
      Hullinghorst, Labuda, Lebsock, Lee, Mitsch Bush, Moreno, Pabon,
      Rosenthal, Ryden, Salazar, Schafer, Williams, Young;
      also SENATOR(S) Tochtrop, Newell, Todd.
      
      
      Concerning lessening the reduction of unemployment insurance
           benefits required when a claimant withdraws amounts from
           a retirement plan as a result of unemployment.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 8-73-110, amend (3)
      (a) (III) as follows:
      
           8-73-110.  Other remuneration - definitions. (3) (a) (III)  When an
      individual receives a lump-sum retirement payment from a plan, fund, or
      trust that has been contributed to by a base period employer and such the
      payment does not meet all of the criteria established in subparagraph (II) of
      this paragraph (a), then such individual shall be determined to have
      received, from the date the payment was received by the individual, the
      individual's full-time weekly wage for a number of consecutive weeks equal
      to the total amount of the lump-sum retirement payment, divided by the
      full-time weekly wage the division shall postpone the individual's
      benefits for a number of calendar weeks equal to the gross
      amount of the lump-sum payment divided by the individual's
      full-time weekly wage. However, when an individual receives a
      lump-sum retirement payment from a plan, fund, or trust as
      described in this subparagraph (III), but only reinvests a portion of
      that payment as required in subparagraph (II) of this paragraph (a),
      or when an individual otherwise withdraws an amount from a
      plan, fund, or trust that is less than the total lump sum of the
      account, then the division shall consider only the portion that is
      received but not reinvested pursuant to subparagraph (II) of this
      paragraph (a) in determining the number of calendar weeks that
      the individual's benefits are postponed.
      
           SECTION 2.  Effective date - applicability. This act takes effect
      upon passage and applies to unemployment insurance claims on or after said
      date.
      
           SECTION 3.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Mark Ferrandino                         John P. Morse
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO