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Colorado Statutes, Title 24

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Title 24, Government - State

0 chapters · 3,055 sections in this title.

All chapters in Title 243,055 Ch 33.5352 Ch 51204 Ch 60203 Ch 32166 Ch 50110 Ch 30109 Ch 21102 Ch 7599 Ch 8095 Ch 3193 Ch 9067 Ch 3464 Ch 48.563 Ch 8261

3,055 sections·Filtered byTitle 24✕

Colo. Rev. Stat. § 24-50-804 Development of recommendations for an employee incentive program
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(1) In developing recommendations for the implementation of an employee incentive program, the state personnel director shall consult with representatives from the state personnel board, the office of state planning and budgeting, the office of the state controller, the office of…
Colo. Rev. Stat. § 24-50-805 Institutions of higher education - alternative employee incentive programs
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Notwithstanding any provision of this part 8 to the contrary, the chief executive officer of a state institution of higher education may establish and implement an incentive program for employees, including classified employees, of the institution. At a minimum, the incentive pro…
Colo. Rev. Stat. § 24-50-901 Legislative declaration
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The general assembly hereby finds and declares that it is the policy of this state to concentrate on improving the efficiency and effectiveness of state government in order to provide better service to the residents and taxpayers of the state of Colorado, to increase state govern…
Colo. Rev. Stat. § 24-50-902 Definitions

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As used in this part 9, unless the context otherwise requires: (1) (a) "Employee" means, except as provided in paragraph (b) of this subsection (1), all state employees, including those employees within the state personnel system and those exempt from the state personnel system a…

Colo. Rev. Stat. § 24-50-903 State employee idea application

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(1) (a) (I) No later than October 1, 2010, the state personnel director, or his or her designee, shall create and make publicly available to all employees on the department of personnel's website an idea application, substantially similar to the Air Force form AF 1000, to allow e…

Colo. Rev. Stat. § 24-51-1001 Types of benefit increases

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(1) For benefit recipients whose benefits are based on the account of a member who was a member, inactive member, or retiree on December 31, 2006, or for benefit recipients whose benefits are based on the account of a DPS member or DPS retiree, annual increases in retirement bene…

Colo. Rev. Stat. § 24-51-1002 Annual percentages to be used

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(1) For benefit recipients whose benefits are based on the account of a member who was a member, inactive member, or retiree on December 31, 2006, or for benefit recipients whose benefits are based on the account of a DPS member or DPS retiree, the increase applied to benefits fo…

Colo. Rev. Stat. § 24-51-1003 Annual increases in the base benefit

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The percentage recalculated pursuant to the provisions of section 24-51-1002 shall be multiplied by the base benefit or retirement allowance as defined in section 24-51-1702 (34), whichever is applicable, to determine the increased benefit. In no case shall the benefit paid be le…

Colo. Rev. Stat. § 24-51-1009 Annual increase reserve - creation

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(1) Each year prior to the effective date of an annual increase, the board shall determine the amount of the annual increase to be paid, if any. In no event shall the board award an annual increase to any division that exceeds the amount provided for in this section. (1.5) For th…

Colo. Rev. Stat. § 24-51-1009.5 Annual increase amount changes

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When the actuarial funded ratio of the association, based on the actuarial value of assets, is at or above one hundred three percent as determined in the annual actuarial study of the association, the upper limit of the annual increase shall be increased by one-quarter of one per…

Colo. Rev. Stat. § 24-51-101 Definitions

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As used in this article 51, unless the context otherwise requires and except as otherwise defined in part 17 of this article 51: (1) "Actuarial equivalent" means an amount equal to a specified benefit based on an assumed interest rate and life expectancy. (2) "Actuarial investmen…

Colo. Rev. Stat. § 24-51-1010 Increase in benefits - actuarial assessment required

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(1) Before increasing benefits provided by the association, the general assembly shall cause to be conducted pursuant to subsection (2) of this section an actuarial assessment to ensure that the increases in benefits would not cause the actuarial value of assets of the associatio…

Colo. Rev. Stat. § 24-51-1101 Employment after service retirement - report - definitions - repeal

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(1) Except as otherwise provided in subsections (1.8), (1.9), and (5) of this section or part 17 of this article 51, a service retiree from any division may be employed by an employer, whether or not in a position subject to membership, and receive a salary without reduction in b…

Colo. Rev. Stat. § 24-51-1102 Reduction of a service retirement benefit - disclosure of service agreements by employers - definitions

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(1) Except as otherwise provided in part 17 of this article, employment of a retiree by an employer, whether or not in a position subject to membership, that exceeds the daily or hourly calendar year limits stated in section 24-51-1101 (1) shall result in a reduction of the benef…

Colo. Rev. Stat. § 24-51-1103 Contributions for a retiree who returns to membership - benefit calculation upon subsequent retirement - survivor benefit rights - disability retirement benefits

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(1) Except as otherwise provided in section 24-51-1747, a retiree who returns to work in a position that is subject to membership may voluntarily suspend the service retirement benefits or the reduced service retirement benefits and resume membership. Upon such suspension, employ…

Colo. Rev. Stat. § 24-51-1104 Employment after disability retirement

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A disability retiree from any division whose disability application was received by the association prior to January 1, 1999, may be employed by an employer, whether or not in a position subject to membership, without any reduction in benefits pursuant to the terms and conditions…

Colo. Rev. Stat. § 24-51-1105 Retirees from the judicial division

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(1) (a) Retirees from the judicial division may return to temporary judicial duties pursuant to the provisions of section 5 (3) of article VI of the Colorado state constitution and section 13-4-104.5, C.R.S., while receiving service retirement benefits. (b) Notwithstanding the pr…

Colo. Rev. Stat. § 24-51-1201 Health care trust fund

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(1) There is hereby created a health care trust fund to provide, for the state, school, local government, and judicial divisions, a premium subsidy for health care to benefit recipients choosing to enroll in the health care program and for a proportionate portion of the expenses …

Colo. Rev. Stat. § 24-51-1202 Health care program - design

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(1) (a) The board shall design a group health care program for retirees, members, DPS members, DPS retirees, and their dependents, with or without full medicare coverage provided by the federal "Health Insurance for the Aged Act", 42 U.S.C. sec. 1395, as amended. This program sha…

Colo. Rev. Stat. § 24-51-1203 Authority to contract and to self-insure

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The board shall have the authority to contract, self-insure, and make disbursements necessary to carry out the purposes of the health care program. Said authority shall include, but is not limited to, contracting with insurance carriers, health maintenance organizations, preferre…

Colo. Rev. Stat. § 24-51-1204 Health care program - eligibility

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(1) The following persons are eligible to enroll in the health care program: (a) All benefit recipients, including those from the Denver public schools division, and their dependents, including any dependent as defined in section 10-16-102 (17), C.R.S.; any unmarried children who…

Colo. Rev. Stat. § 24-51-1205 Enrollment

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(1) Except as otherwise provided in this section, enrollment of eligible persons in the health care program may only take place within thirty days following either the effective date of retirement or the date of application for retirement, whichever is later, or at such enrollmen…

Colo. Rev. Stat. § 24-51-1206 Premium subsidy

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(1) The provisions of this section shall apply to the health care trust fund for the school, state, local government, and judicial divisions. After July 1, 1987, the general assembly shall consider the recommendation of the board and shall approve the premium subsidy that shall b…

Colo. Rev. Stat. § 24-51-1206.5 Health care trust fund subsidy funding

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(1) The amount of the premium subsidy funded by each health care trust fund established in section 24-51-1201 shall be based on the percentage of the member contribution account balance from each division as it relates to the total member contribution account balance from which t…

Colo. Rev. Stat. § 24-51-1206.7 Denver public schools division premium subsidy

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(1) The provisions of this section apply to the DPS health care trust fund. After January 1, 2010, the general assembly shall consider the recommendation of the board and shall approve by resolution the premium subsidy to be paid monthly from the Denver public schools health care…

Colo. Rev. Stat. § 24-51-1207 Cancellation of enrollment

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(1) Upon thirty days' written notice to the association, any person enrolled in the health care program may cancel enrollment for himself, and any retiree may cancel enrollment in the health care program for his dependents. (2) Enrollment may be canceled by the association upon t…

Colo. Rev. Stat. § 24-51-1208 Long-term care insurance

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The board is authorized to identify and designate one or more insurance providers to offer long-term care insurance to members, DPS members, retirees, DPS retirees, or all. Long-term care insurance offered pursuant to this section shall be funded solely through premium payments b…

Colo. Rev. Stat. § 24-51-1301 Plan sponsored group life insurance

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The board may offer group life insurance coverage through any life insurance company qualified to do business in Colorado or may self-fund such coverage. Life insurance coverage shall be available to members and DPS members who voluntarily subscribe. Notwithstanding the provision…

Colo. Rev. Stat. § 24-51-1302 Premiums for group life insurance

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(1) Premiums for life insurance must be received by the association in order for an individual to be covered. (2) Continuation of life insurance coverage after retirement is available to any retiree from any division who, prior to retirement, authorizes life insurance premiums to…

Colo. Rev. Stat. § 24-51-1303 Life insurance beneficiary

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Unless a member, DPS member, inactive member, deferred DPS member, retiree, DPS retiree, or a court decree names a different beneficiary for life insurance purposes, the named beneficiary shall be the beneficiary of such life insurance. Source: L. 87: Entire article R&RE, p. 1077…

Colo. Rev. Stat. § 24-51-1304 Life insurance for certain retired state employees

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(1) Any retiree who had life insurance coverage pursuant to the provisions of part 2 of article 8 of title 10, C.R.S., on June 30, 1986, shall continue to have such coverage unless the retiree refuses it. Any retiree who refuses such coverage may not resume coverage later. (2) Th…

Colo. Rev. Stat. § 24-51-1401 Voluntary investment program established and fund created - definitions

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(1) The board is hereby authorized to establish and administer a voluntary investment program and to create a separate trust fund to hold the assets of said investment program. (2) [Editor's note: This version of subsection (2) is effective until January 1, 2027.] The voluntary i…

Colo. Rev. Stat. § 24-51-1402 Contributions to the voluntary investment program

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(1) [Editor's note: This version of subsection (1) is effective until January 1, 2027.] An eligible employee pursuant to section 24-51-1401 may participate in the voluntary investment program authorized in section 24-51-1401 by authorizing his or her employer, as defined in secti…

Colo. Rev. Stat. § 24-51-1403 Expenses of the voluntary investment program

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The expenses of administering the voluntary investment program authorized in section 24-51-1401 shall be paid from the investment earnings of such voluntary investment program. Source: L. 87: Entire article R&RE, p. 1078, § 1, effective July 1.

Colo. Rev. Stat. § 24-51-1404 Investments of the voluntary investment program

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Participants in the voluntary investment program shall designate that their voluntary contributions be invested in one or more types of investments made available by the board. These investments may include, but are not limited to, equity investments, fixed-income investments, li…

Colo. Rev. Stat. § 24-51-1500.2 Legislative declaration

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The general assembly finds and declares that the purpose of the defined contribution plan established in this part 15 is to provide eligible employees who participate in the defined contribution plan with a path toward having a secure retirement through a focus on lifetime retire…

Colo. Rev. Stat. § 24-51-1500.3 Definitions

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As used in this part 15, unless the context otherwise requires: (1) "Eligible employee" means, effective July 1, 2009, and effective January 1, 2019, for local government division employees and state division employees who are employed only in a classified position in the state p…

Colo. Rev. Stat. § 24-51-1501 Defined contribution plan - establishment - creation of fund

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(1) The board is hereby authorized to establish and administer a defined contribution plan for eligible employees as provided in this part 15. The board shall establish the terms and conditions of the association's defined contribution plan offered to eligible employees. The asse…

Colo. Rev. Stat. § 24-51-1502 New eligible employees - election

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(1) Any eligible employee shall elect, within sixty days of commencing employment, either to become a member of the association's defined benefit plan or the association's defined contribution plan. If an employee does not make such election within the sixty-day period, the emplo…

Colo. Rev. Stat. § 24-51-1503 Defined contribution plan option

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(1) An eligible employee shall be covered by the association's defined benefit plan with contributions and benefits as specified in parts 4 to 12 of this article, unless the member elects to participate in the association's defined contribution plan in accordance with this part 1…

Colo. Rev. Stat. § 24-51-1504 Investments

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(1) The plan shall allow a member of the defined contribution plan to exercise control of the investment of the member's account under the plan, subject to the following provisions: (a) The board shall select at least five investment alternatives that allow a member a meaningful …

Colo. Rev. Stat. § 24-51-1505 Contributions - vesting - definition

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(1) Contribution rates by the employer and by members of the defined contribution plan established pursuant to this part 15 shall be the same as the rates that would be payable by the employer and the member pursuant to section 24-51-401. The individual's participant account shal…

Colo. Rev. Stat. § 24-51-1506 Additional choices within first five years

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(1) An eligible employee who is a member of the association's defined contribution plan, except for individuals who became members of the association's defined contribution plan pursuant to section 24-51-1501 (2) or 24-51-1503 (3), may elect, at any time during the second to fift…

Colo. Rev. Stat. § 24-51-1506.5 Additional choices for employees who were eligible employees before January 1, 2006

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(1) Effective July 1, 2009, any employee who became eligible to participate in the state defined contribution plan before January 1, 2006, who was a member or inactive member of the association may, as long as the employee is employed in a position with an employer for which the …

Colo. Rev. Stat. § 24-51-1507 Transfer or rollover into plan

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The defined contribution plan may accept a direct rollover or a member rollover into the member's defined contribution plan account, to the extent permitted by federal law and authorized by the defined contribution plan. Source: L. 2004: Entire part added, p. 1950, § 23, effectiv…

Colo. Rev. Stat. § 24-51-1508 Distribution options

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The defined contribution plan shall include options for the distribution of the defined contribution account, including payment in a lump sum and payment as a lifetime annuity. The state and other employers shall not have liability for any of the payments. Source: L. 2004: Entire…

Colo. Rev. Stat. § 24-51-1509 Rights of defined contribution plan members

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(1) A defined contribution plan member shall not be considered a member or a retiree for the purpose of parts 4 to 12 of this article, nor shall his or her survivors or beneficiaries be considered benefit recipients. (2) A defined contribution plan member may participate in optio…

Colo. Rev. Stat. § 24-51-1510 Report to members

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On a quarterly basis, the board shall report to members who participate in the defined contribution plan. The report shall include a statement of account balances, a review of account transactions, and the amount of administrative fees charged to the members during the quarter. S…

Colo. Rev. Stat. § 24-51-1511 Limitation on actions by eligible employees

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Administrative actions or civil actions brought by employees to dispute the election for participation or failure to elect participation in the association's defined benefit plan, the association's defined contribution plan, or the defined contribution plan established pursuant t…

Colo. Rev. Stat. § 24-51-1600.3 Definitions

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As used in this part 16, unless the context otherwise requires: (1) "Trust fund" means a deferred compensation plan trust fund as described in section 24-51-1601 (2). Source: L. 2025: Entire section added, (SB 25-275), ch. 377, p. 2071, § 184, effective August 6.