Colorado Legislative Council Staff
NO FISCAL IMPACT
January 6, 1999
Steve Tammeus (866-2756)
TITLE: CONCERNING THE SELECTION OF DISABILITY BENEFIT OPTIONS BY MEMBERS OF THE STATEWIDE DEATH AND DISABILITY PLAN WHO ARE MEMBERS OF THE FIRE AND POLICE PENSION ASSOCIATION.
Summary of Assessment
This bill establishes benefit payout options in the Statewide Death and Disability Plan of the Fire and Police Pension Association (FPPA) that currently exist in the Statewide Defined Benefit Plan of the FPPA. Under current law, the payout options are incorporated in the death and disability plan by statutory reference to the defined benefit plan. The provisions of this bill allow each plan to be independent of the other.
The bill will become effective on January 1, 2000, or upon proclamation of the Governor in the event a referendum petition is filed. The bill will apply to all FPPA members receiving or eligible to receive benefits provided by the plan on or after the effective date.
The provisions of this bill will not affect state, or local government, revenue or expenditures. The bill does not affect plan benefits or FPPA administrative requirements. Therefore, this bill is assessed as having no fiscal impact.
Fire and Police Pension Association