Colorado Legislative Council Staff
NO FISCAL IMPACT
February 5, 1998
Susan Colling (866-4784)
TITLE: CONCERNING THE ANNUAL APPROPRIATION OF MONEYS TO THE JUDICIAL DEPARTMENT RATHER THAN THE STATE TREASURER FOR THE PURPOSE OF REIMBURSING THE JUDICIAL DIVISION TRUST FUND OF THE PUBLIC EMPLOYEES’ RETIREMENT ASSOCIATION FOR INCREASES IN RETIREMENT BENEFITS PAID TO RETIRED JUDGES WHO RETURN TO TEMPORARY JUDICIAL DUTIES.
Summary of Assessment
The bill requires the General Assembly to make an annual appropriation to the Judicial Department rather than the State Treasurer for the purpose of reimbursing the Judicial Division Trust Fund of the Public Employees’ Retirement Association for increases in retirement benefits paid to retired judges who return to temporary judicial duties.
The bill will become effective at 12:01 a.m. on the day following the ninety-day period after adjournment sine die of the General Assembly, or on the date of the official declaration of the vote of the people as proclaimed by the Governor, if a referendum petition is filed pursuant to Article V, Section 1 (3) of the State Constitution.
Since the bill is procedural and would appropriate the same amount of money to the Judicial Department rather than the state Treasurer for expenditures incurred in reimbursing retired judges, the bill is assessed as having no fiscal impact.