Any county that does not cover, under the federal "Social Security Act", as amended, salaried employees whose duties are directly involved with the provision of law enforcement or fire protection as certified by the county may elect coverage under the statewide defined benefit plan established in part 4 of this article 31 and the statewide death and disability plan established in part 8 of this article 31 by filing a resolution of affiliation with the board. Election of coverage under the plan is irrevocable. Such participation shall be as provided by rules adopted by the board. The board may determine a continuing rate of contribution for all members who are active on the effective date of coverage to fund benefits as may be necessary to ensure that the affiliating employers' coverage shall not have an adverse financial impact on the actuarial soundness of the plan.
Source: L. 2016: Entire section added, (HB 16-1038), ch. 65, p. 168, § 1, effective August 10. L. 2020: Entire section amended, (HB 20-1044), ch. 105, p. 411, § 9, effective September 14.
Structure Colorado Code
Title 31 - Government - Municipal
Article 31 - Fire - Police - New Hire Pension Plans
Part 7 - Affiliation of Plans With the Association
§ 31-31-701. Affiliation by Old Hire Pension Plans
§ 31-31-704. Optional Affiliation by Social Security Employers
§ 31-31-704.5. Entry for Social Security Employers
§ 31-31-704.6. Social Security Supplemental Plan - Creation - Management
§ 31-31-704.7. Participation in Statewide Death and Disability Plan
§ 31-31-705. Affiliation by Volunteer Pension Plans
§ 31-31-706. Affiliation by Exempt Defined Benefit Pension Plans