NOTE: The governor signed this measure on 6/3/2015.
      
      
      HOUSE BILL 15-1391
      
      
      BY REPRESENTATIVE(S) Court and Wilson, Duran, Kagan, Pettersen,
      Rosenthal, Salazar, Williams;
      also SENATOR(S) Steadman, Aguilar, Crowder, Guzman, Johnston, Kerr,
      Neville T.
      
      
      Concerning an adjustment to the total employer contribution
           rate of the Denver public schools division of the public
           employees' retirement association in connection with the
           equalization status of the association's Denver public
           schools division with the association's school division as
           required by the merger of the Denver public schools
           retirement system with the association.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-51-401, amend
      (1.7) (a) as follows:
      
           24-51-401.  Employer and member contributions.
      (1.7) (a)  Employers shall deliver a contribution report and the full amount
      of employer contributions, member contributions, and working retiree
      contributions to the association within five days after the date members and
      retirees are paid. Except as provided in paragraph (f) of this subsection
      (1.7), subsection (7) of this section, and section 24-51-408.5, such
      contributions shall be based upon the rates for the appropriate division as
      set forth in the following table multiplied by the salary, as defined in
      section 24-51-101 (42), paid to members and retirees for the payroll period:
      
                             TABLE A
      
                        CONTRIBUTION RATES
      
      Division  Membership     Employer Rate  Member Rate
      State          All Members         10.15%         8.0%
                Except
                State Troopers      12.85%         10.0%
      School    All Members         10.15%         8.0%
      Local
      Government     All Members         10.0%          8.0%
      Judicial  All Members         13.66%         8.0%
      DPS       All Members         13.75%         8.0%
                All Members         10.15%         8.0%
      
           SECTION 2.  Effective date. This act takes effect January 1, 2015.
      
           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.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      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