HB 24-1043

House Bill 24-1043 requires the state treasurer to provide $2.25 million annually starting July 1, 2025, to a fund that supports death and disability benefits for firefighters and police officers in Colorado. This money will help ensure there are enough resources to cover future payments to these public safety workers who become disabled or pass away. The bill has been signed into law by the governor and is now effective as of May 28, 2024.

Official Summary

Beginning on July 1, 2025, and every July 1 thereafter through July 1, 2059, the act requires the state treasurer to issue warrants in the amount of $2,250,000 to the fire and police pension association. The association is required to deposit the warrants into the statewide death and disability trust fund so that there will be sufficient money to pay future death and disability benefits to members of the association. APPROVED by Governor May 28, 2024 EFFECTIVE May 28, 2024(Note: This summary applies to this bill as enacted.)

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