Colorado Revised Statutes Title 31. Government Municipal § 31-31-102. Definitions

(1) “Actuarially sound” means a police officers' or firefighters' pension fund determined by the board to be receiving or scheduled to receive employer and member contributions in each fiscal year equal to the annual contributions actuarially determined to be necessary to pay the annual current service cost of pension benefits attributable to active employees and to pay the annual contribution necessary to amortize any unfunded accrued liability over a period not to exceed forty years. The actuarial cost method to be utilized shall be the entry age-normal cost method. The date from which unfunded liabilities shall be amortized shall be determined pursuant to part 3 of article 30.5 of this title.

(2) “Board” means the board of directors established as the governing body of the fire and police pension association as provided in section 31-31-201(2).

(3) “Employer” means any municipality in this state offering police or fire protection service employing one or more members and any special district, fire authority, or county improvement district in this state offering fire protection service employing one or more members.

(4) “Member” means an active employee who is a full-time salaried employee of a municipality, fire protection district, fire authority, or county improvement district normally serving at least one thousand six hundred hours in any calendar year and whose duties are directly involved with the provision of police or fire protection, as certified by the member's employer. For purposes of the statewide money purchase plan, “member” also includes an active employee who works less than sixteen hundred hours per year but otherwise qualifies as a member and whose employer elects to treat all such other similar employees as members. The term does not include clerical or other personnel whose services are auxiliary to police protection, or any volunteer firefighter, as such term is defined in section 31-30-1102(9). For the purpose of participation in the defined benefit component of the statewide retirement plan pursuant to article 31.5 of this title 31 or the statewide money purchase plan pursuant to part 5 of this article 31, but not for the purpose of participation in the statewide death and disability plan pursuant to part 8 of this article 31, the term may include clerical or other personnel employed by a fire protection district, fire authority, or county improvement district, whose services are auxiliary to fire protection. For the purpose of eligibility for disability or survivor benefits, “member” includes any employee on an authorized leave of absence.

(5) “Money purchase plan” or “money purchase pension plan” means a retirement plan under which:

(6) “Retired member” means any member who is retired, disabled, or eligible for a benefit as provided in section 31-31.5-401.