HB 24-1042: Fire and Police Pension Law Technical Corrections

• Corrects statutory cross-references throughout Colorado's fire and police pension statutes to align with the establishment of the new statewide retirement plan structure under Article 31.5.

• Updates references from the old "statewide defined benefit plan" to "component of the statewide retirement plan" to reflect the reorganized pension system structure.

• Clarifies that pension benefit increases for fire and police association members are tied to adjustments determined by the fire and police pension association board of directors under Section 31-31.5-410.

• Corrects references to repealed sections (such as Section 31-31-601) by adding "as said section existed prior to its repeal" to preserve the legal meaning for existing provisions that still reference those sections.

• Amends vesting rules and member definitions in the statewide retirement plan to remove inconsistent language and ensure clarity in eligibility requirements across multiple pension plan components.