HB 24-1043
signedState Contribution to Fire & Police Pension Association Death & Disability Fund
Plain-English Summary
AI-generatedHouse 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.)
Details
- Chamber
- House
- First action
- 2024-05-28
- Latest action
- 2024-01-10
- Last action desc.
- Introduced In House - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (9)
amendsSB 22-036(2022A)· signedState Payment Old Hire Death And Disability Benefits
relatesSB 22-185(2022A)· signedSecurity For Colorado Seniors
relatesSB 18-207(2018A)· signedDHS Department Of Human Services Indirect Cost Assessments From Cash Funds
relatesHB 18-1131(2018A)· signedCourt System For Remote Participation In Hearings
relatesHB 23-1227(2023A)· signedEnforce Laws Against Pharmacy Benefit Managers
relatesSB 23-205(2023A)· signedUniversal High School Scholarship Program
relatesSB 17-076(2017A)· signedAuthority To Spend Money For School Awards
relatesHB 22-1295(2022A)· signedDepartment Early Childhood And Universal Preschool Program
relatesHB 22-1034(2022A)· signedFire and Police Pension Association Statewide Retirement Plan
Affected by (11)
relatesHB 26-1349(2026A)· signedFunding for Prevention Services Programs Colorado Department of Early Childhood
relatesHB 26-1332(2026A)· signedLegislative Department Cash Fund
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relatesSB 24-086(2024A)· signedBreast Cancer Screening Fund Transfer
relatesSB 25-308(2025A)· signedMedicaid Services Related to Federal Authorizations
relatesSB 25-310(2025A)· signedProposition 130 Implementation
relatesSB 25-262(2025A)· signedChanges to Money in the Capital Construction Fund
relatesSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
relatesSB 25-261(2025A)· signedProperty Tax Deferral Program Administration
relatesHB 26-1064(2026A)· signedYouthful Offender System Updates
relatesHB 26-1065(2026A)· signedTransit and Housing Investment Zones
Votes
BILL
2024-05-04 · Senate · pass — Yes: 31 · No: 0 · Other: —
BILL
2024-04-26 · House · pass — Yes: 63 · No: 0 · Other: —