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An Act

HOUSE BILL 98­1242

BY REPRESENTATIVES Anderson, Adkins, Agler, Allen, Arrington, Epps, Morrison, Musgrave, Owen, and Paschall;

also SENATORS Lamborn and Powers.

CONCERNING A ONE­TENTH OF ONE PERCENT REDUCTION IN THE CONTRIBUTION RATE FOR EMPLOYERS IN THE STATE AND SCHOOL DIVISION OF THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION, AND MAKING AN APPROPRIATION IN CONNECTION THEREWITH.

Be it enacted by the General Assembly of the State of Colorado:

SECTION 1.  24­51­401 (1.7), Colorado Revised Statutes, is amended to read:

24­51­401.  Employer and member contributions. (1.7)  Employers designated as state employers by rule of the board shall forward to the association by the tenth calendar day of each month a monthly contribution report and the full amount of employer and member contributions. Employers designated as school employers by rule of the board and municipal division employers shall forward to the association, by the date established by rule of the board, a monthly contribution report and the full amount of employer and member contributions. Except as provided in subsection (7) of this section, such contributions shall be based upon the rates for the appropriate division as set forth in the following table multiplied by the total gross salary paid to members for the preceding month:

TABLE A

CONTRIBUTION RATES

Division
Membership
Employer

Rate


Member

Rate


State and School
All Members
11.5% 11.4%
8.0%



Except State Troopers
13.1%
11.5%

Municipal
All Members
10.0%
8.0%

Judicial
All Members
15.0%
8.0%

SECTION 2. Appropriations in long bill to be adjusted. For the implementation of section 24­51­401 (1.7), Colorado Revised Statutes, appropriations made in the annual general appropriation act for the fiscal year beginning July 1, 1998, shall be reduced by the sum of one million four hundred nineteen thousand one hundred ten dollars ($1,419,110). Said reductions shall be derived from such sources as detailed in the table below:


DEPARTMENT

General

Fund

Cash

Funds

Cash

Funds

Exempt

HUTF

Federal

Funds

Total

Agriculture
(5,459)
(5,039)
(527)
0
(132)
(11,157)

Corrections
(171,666)
(839)
(6,477)
0
0
(178,982)

Education
(14,610)
(988)
(991)
0
0
(16,589)

Governor
(6,406)
0
0
0
(728)
(7,134)

Health Care Policy and

Financing



(18,240)

0

0

0

(19,082)

(37,322)

Higher Education
(198,441)
(190,989)
(14,257)
0
(114)
(403,801)

Human Services
(99,651)
(2,132)
(53,338)
0
(29,590)
(184,711)

Judicial
(79,217)
(4,811)
0
0
0
(84,028)

Public Defender
(16,073)
0
0
0
0
(16,073)

Alternate Defense Counsel
(171)
0
0
0
0
(171)

Labor and Employment
0
(11,213)
(2,550)
0
(32,289)
(46,052)

Law
(4,918)
(822)
(9,183)
0
(455)
(15,378)

Legislature
(10,682)
0
0
0
0
(10,682)

Local Affairs
(5,904)
(260)
(636)
0
(2,025)
(8,825)

Military Affairs
(1,516)
0
0
0
(2,413)
(3,929)

Natural Resources
(16,191)
(34,649)
(6,047)
0
(5,412)
(62,299)

Personnel
(11,612)
(118)
(13,323)
0
0
(25,053)

DEPARTMENT

General

Fund

Cash

Funds

Cash

Funds

Exempt

HUTF

Federal

Funds

Total

Public Health and Environment

(7,541)

(10,578)

(9,598)

0

(21,951)

(49,668)

Public Safety
(8,897)
(2,316)
(31,789)
(2,110)
(918)
(46,030)

Regulatory Agencies
(1,241)
(20,178)
(3,301)
0
0
(24,720)

Revenue
(41,946)
(1,868)
(9,211)
(5,144)
0
(58,169)

State
0
(2,592)
0
0
0
(2,592)

Transportation
(198)
(370)
(69,967)
0
(53,998)
(124,533)

Treasury
(1,212)
0
0
0
0
(1,212)








Total
(721,792)
(289,762)
(231,195)
(7,254)
(169,107)
(1,419,110)

SECTION 3.  Effective date.  This act shall take effect July 1, 1998.

SECTION 4.  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 Patricia K. Dicks

CHIEF CLERK OF THE HOUSE ASSISTANT SECRETARY OF

OF REPRESENTATIVES THE SENATE

APPROVED________________________________________




_________________________________________

Roy Romer

GOVERNOR OF THE STATE OF COLORADO

Created: 5/27/98 Updated: 5/27/98