BY REPRESENTATIVES Reeser, K. Alexander, Epps, Mace, Miller, Nichol, Schwarz, and S. Williams;
also SENATORS Tebedo, Bishop, Chlouber, Hernandez,
Martinez, and Phillips.
CONCERNING POSTRETIREMENT PENSION BENEFIT INCREASES
FOR VOLUNTEER FIREFIGHTERS.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. 31301122,
Colorado Revised Statutes, 1986 Repl. Vol., as amended, is amended
BY THE ADDITION OF A NEW SUBSECTION to read:
31301122. Retirement pension.
(3) WHENEVER THE BOARD INCREASES THE RETIREMENT PENSION
BENEFIT PAYABLE PURSUANT TO SUBSECTION (1) OF THIS SECTION, SUCH
INCREASE MAY ALSO BE APPLIED TO THE PENSION BENEFIT OF ANY RETIRED
VOLUNTEER FIREFIGHTER RECEIVING THE PENSION BENEFIT SPECIFIED
IN SUBSECTION (1) OF THIS SECTION AT THE TIME OF SUCH INCREASE.
THE APPLICABLE PRO RATA SHARE OF ANY SUCH INCREASE, BASED UPON
THE NUMBER OF YEARS OF SERVICE, MAY ALSO BE APPLIED TO THE PENSION
BENEFIT OF ANY RETIRED VOLUNTEER FIREFIGHTER RECEIVING THE PENSION
BENEFIT SPECIFIED IN SUBSECTION (2) OF THIS SECTION AT THE TIME
OF SUCH INCREASE. WHENEVER THE BOARD ELECTS TO APPLY ANY RETIREMENT
PENSION INCREASE PERMITTED UNDER THIS SUBSECTION (3), THE BOARD
SHALL APPLY SUCH INCREASE TO THE RETIREMENT PENSION OF ALL RETIRED
VOLUNTEER FIREFIGHTERS IN A FIRE DEPARTMENT WHO ARE ELIGIBLE FOR
SUCH INCREASE UNDER THIS SUBSECTION (3). ANY ACTUARIAL REVIEW
REQUIRED UNDER SUBSECTION (1) OF THIS SECTION SHALL INCLUDE THE
COST OF ANY RETIREMENT PENSION INCREASE PERMITTED UNDER THIS SUBSECTION
(3).
SECTION 2. 31301112
(2) (a), Colorado Revised Statutes, 1986 Repl. Vol., as amended,
is amended, and the said 31301112 (2) is further amended
BY THE ADDITION OF A NEW PARAGRAPH, to read:
31301112. State contributions
intent. (2) (a) Except
as otherwise provided in paragraphs (b), and
(c), AND (c.5) of this subsection (2), state contributions to
any municipality or district must equal ninety percent of all
amounts levied, appropriated, and contributed by the municipality
or district under section 31301110, but the state
contribution shall not exceed onehalf mill on the current
valuation for assessment of the municipality or district assuming
one hundred percent collection.
(c.5) NOTWITHSTANDING PARAGRAPH (a) OF
THIS SUBSECTION (2), A MUNICIPALITY OR DISTRICT THAT WAS LEVYING
AN AMOUNT EQUAL TO OR LESS THAN ONEHALF MILL BEFORE JULY
1, 1997, AND THAT SUBSEQUENTLY INCREASES ITS MILL LEVY, APPROPRIATION,
OR CONTRIBUTION TO PAY VOLUNTEER FIREFIGHTER POSTRETIREMENT PENSION
INCREASES PURSUANT TO SECTION 31301122 (3) SHALL RECEIVE
STATE CONTRIBUTIONS UNDER PARAGRAPH (a) OF THIS SUBSECTION (2)
BASED UPON THE MILL LEVY, APPROPRIATION, OR CONTRIBUTION THAT
WOULD BE REQUIRED TO BE LEVIED TO PAY A PENSION OF THREE HUNDRED
DOLLARS PER MONTH, AS DETERMINED BY THE MUNICIPALITY OR DISTRICT.
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.
____________________________ ____________________________
Charles E. Berry Tom Norton
SPEAKER OF THE HOUSE PRESIDENT OF
OF REPRESENTATIVES THE SENATE
____________________________ ____________________________
Judith M. Rodrigue Joan M. Albi
CHIEF CLERK OF THE HOUSE SECRETARY OF
OF REPRESENTATIVES THE SENATE
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE OF COLORADO