(1.5) In addition to the board members specified in subsection (1) of this section, there shall be one ex officio board member from the Denver public schools division. The first term of the ex officio board member appointed pursuant to this subsection (1.5) shall be from May 21, 2009, until December 31, 2009, and the person to serve such term shall be appointed by the Denver public schools retirement system board of trustees. The second term of the ex officio member shall be from January 1, 2010, through June 30, 2012, and the person to serve such term shall be appointed by the Denver public schools board of education. The ex officio board member to serve for the term starting July 1, 2012, and each term thereafter shall be elected by the Denver public schools division through a Denver public schools division member election administered by the association. The Denver public schools division ex officio member position shall exist so long as the Denver public schools division remains as a separate division of the association. The Denver public schools division ex officio member shall be a member or retiree of the Denver public schools division and shall be treated like all other members of the board, subject to the following:
Source: L. 87: Entire article R&RE, p. 1047, § 1, effective July 1; (1) amended, p. 1587, § 62, effective July 10. L. 88: (1) amended, p. 1432, § 14, effective June 10. L. 97: (1) amended, p. 771, § 6, effective July 1. L. 2004: (1) amended, p. 1939, § 4, effective January 1, 2006. L. 2006: Entire section R&RE, p. 1174, § 2, effective January 1, 2007. L. 2009: (1.5) added, (SB 09-282), ch. 288, p. 1333, § 3, effective May 21.
Editor's note: This section is similar to former § 24-51-103 as it existed prior to 1987.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-201. Public Employees' Retirement Association - Creation
§ 24-51-202. Board of Trustees - Creation
§ 24-51-203. Board - Composition and Election
§ 24-51-204. Duties of the Board
§ 24-51-205. General Authority of the Board
§ 24-51-207. Standard of Conduct
§ 24-51-208. Allocation of Moneys
§ 24-51-210. Allocation of Assets and Liabilities
§ 24-51-211. Amortization of Liabilities
§ 24-51-211.5. Notice of Possible Change in Benefits - Actuarial Necessity
§ 24-51-212. Funds Not Subject to Legal Process
§ 24-51-214. Benefits Not Offset by Workers' Compensation Benefits
§ 24-51-215. Insurance and Banking Laws Not Applicable
§ 24-51-220. Report to General Assembly
§ 24-51-221. Information Provided to Employer - Salary Definition