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HB24-1042

Fire & Police Pension Law Technical Corrections

Concerning technical corrections to the statutes that govern fire and police pensions.
Session:
2024 Regular Session
Subjects:
Local Government
State Government
Bill Summary

House Bill 22-1034, concerning the administration of retirement plans administered by the fire and police pension association, merged the statewide defined benefit plan, the statewide hybrid plan, and the social security supplemental plan into a single statewide retirement plan. Certain statutory cross references in House Bill 22-1034 were not properly updated to reflect the repeals and relocations of statutory provisions that were necessary to accomplish the merger. The act updates the obsolete statutory cross references.

The act also updates the definition of "member" in the new hire pension plan statute to clarify that a portion of the definition applies only for purposes of the statewide money purchase plan and repeals an inapplicable portion of the definition of "member" in the statewide retirement plan statute.

APPROVED by Governor March 6, 2024

EFFECTIVE March 6, 2024
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. M. Snyder, Rep. R. Taggart
Sen. C. Kolker, Sen. K. Van Winkle

Sponsor

Rep. E. Hamrick, Rep. C. Kipp, Rep. D. Wilson
Sen. C. Hansen, Sen. T. Sullivan

Co-sponsor

Rep. J. Amabile, Rep. R. Armagost, Rep. S. Bird, Rep. A. Boesenecker, Rep. K. Brown, Rep. M. Catlin, Rep. C. Clifford, Rep. M. Duran, Rep. S. Lieder, Rep. M. Lindsay, Rep. M. Lynch, Rep. B. Marshall, Rep. M. Martinez, Rep. T. Mauro, Rep. J. McCluskie, Rep. J. Parenti, Rep. T. Story, Rep. B. Titone, Rep. A. Valdez, Rep. E. Velasco, Rep. R. Weinberg, Rep. M. Young
Sen. T. Exum, Sen. K. Mullica, Sen. K. Priola