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Bill > HB1043

CO HB1043

CO HB1043
State Contribution to Fire & Police Pension Association Death & Disability Fund

summary

Introduced
01/10/2024
In Committee
05/03/2024
Crossed Over
05/21/2024
Passed
05/21/2024
Dead
Signed/Enacted/Adopted
05/28/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING PAYMENTS TO THE STATEWIDE DEATH AND DISABILITY TRUST FUND TO PAY BENEFITS FOR FIRE AND POLICE PENSION ASSOCIATION MEMBERS HIRED BEFORE JANUARY 1, 1997.

AI Summary

This bill amends the Colorado Revised Statutes to require the state treasurer to issue warrants to the Fire and Police Pension Association (FPPA) to ensure sufficient funding for death and disability benefits for FPPA members hired before January 1, 1997. Specifically, the bill requires the state treasurer to issue warrants of $6.65 million on July 1, 2022, and July 1, 2023, with the 2023 warrant and subsequent warrants of $2.05 million annually from July 1, 2025, through July 1, 2059, to be paid from the newly created Death and Disability Payment Cash Fund, which the state treasurer will transfer money to from the General Fund.

Committee Categories

Budget and Finance

Sponsors (46)

Eliza Hamrick (D)*,  Chris Hansen (D)*,  Cathy Kipp (D)*,  Chris Kolker (D)*,  Marc Snyder (D)*,  Tom Sullivan (D)*,  Rick Taggart (R)*,  Kevin Van Winkle (R)*,  Shannon Bird (D),  Andrew Boesenecker (D),  Brandi Bradley (R),  Jeff Bridges (D),  Chad Clifford (D),  Monica Duran (D),  Tony Exum (D),  Steve Fenberg (D),  Lisa Frizell (R),  Meg Froelich (D),  Tony Hartsook (R),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Chris Kennedy (D),  Sheila Lieder (D),  William Lindstedt (D),  Meghan Lukens (D),  Janice Marchman (D),  Bob Marshall (D),  Julie McCluskie (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  Kyle Mullica (D),  David Ortiz (D),  Byron Pelton (R),  Kevin Priola (D),  Rose Pugliese (R),  Dylan Roberts (D),  Emily Sirota (D),  Jim Smallwood (R),  Tammy Story (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Perry Will (R),  Jenny Willford (D),  Mary Young (D),  Rachel Zenzinger (D), 

Last Action

Governor Signed (on 05/28/2024)

Taxonomy

Labor and Employment
  • ‐ Employee Benefits
Local Government
  • ‐ Police and Fire

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