CO SB026

Amends Colorado Revised Statutes 31-31-401 to address contribution rates for Fire and Police Pension Association (FPPA) members following employer mergers, consolidations, or dissolutions.

Members employed by a predecessor department who participated in a money purchase plan prior to a merger and then participate in the statewide defined benefit plan must pay the continuing uniform contribution rate established by the FPPA board under section 31-31-1103(2).

Applies to members transferred between employers resulting from mergers, consolidations, exclusions, dissolutions, or intergovernmental agreements, ensuring they maintain their prior rights and obligations.

Takes effect on August 5, 2015, unless a referendum petition is filed, in which case it requires voter approval at the November 2016 general election before taking effect.