Any municipality affiliated with the association may authorize the city manager and key management staff who report directly to the city council or city manager to make a one-time, irrevocable election to be exempted from membership. If so authorized, the city manager and key management staff shall make a written election to become a member or to be exempted from membership within sixty days after becoming employed in the position. In the absence of a written election, such person shall be a member.
Source: L. 87: Entire article R&RE, p. 1054, § 1, effective July 1; entire section amended, p. 1587, § 63, effective July 1. L. 97: Entire section amended, p. 64, § 4, effective July 1.
Editor's note: This section is similar to former § 24-51-911 as it existed prior to 1987.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-301. Required Membership
§ 24-51-303. Members of the General Assembly
§ 24-51-305. District Attorneys
§ 24-51-305.5. Employees of District Attorneys
§ 24-51-307. Elected Municipal Officials
§ 24-51-308. City Managers and Key Management Staff
§ 24-51-309. Affiliation by Public Entities
§ 24-51-310. Persons Not Eligible for Membership
§ 24-51-311. Continuation of Membership
§ 24-51-312. Payment of Contributions
§ 24-51-314. Termination of Affiliation - Rights of Benefit Recipients and Inactive Members
§ 24-51-315. Termination of Affiliation - Reserves Requirement
§ 24-51-316. Inadequate Reserves - Excess Reserves - Nonpayment
§ 24-51-317. Termination of Affiliation - Member Contributions
§ 24-51-318. Purchase of Forfeited Service Credit
§ 24-51-319. Retirement Plan - Creation and Use
§ 24-51-320. Reaffiliation of a Public Entity
§ 24-51-321. No State Liability - Political Subdivision Pension Plans