SB 22-036

  • Colorado Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Mar 23, 2022
  • Passed Senate Mar 23, 2022
  • Passed House May 11, 2022
  • Governor

State Payment Old Hire Death And Disability Benefits

Abstract

Pension Review Commission. For members of the fire and police pension association hired before January 1, 1997, death and disability benefits are paid from state money in the statewide death and disability trust fund. State funding for this benefit discontinued in 1997 based on an assumption that the last payment had fully funded all of the benefits to be paid. Based on a current actuarial analysis, however, there is a shortfall in the trust fund. The bill requires the state treasurer to pay $33.191 make 5 yearly payments of $6.65 million for a total of $33.25 million from the general fund to the fire and police pension association for it to deposit into the trust fund so that there will be sufficient money to pay future death and disability benefits to these members. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


Actions


May 18, 2022

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

May 11, 2022

Senate

Senate Considered House Amendments - Result was to Concur - Repass

House

House Third Reading Passed with Amendments - Floor

May 10, 2022

House

House Second Reading Special Order - Passed with Amendments - Committee

May 09, 2022

House

House Second Reading Special Order - Laid Over Daily - No Amendments

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

Apr 11, 2022

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Finance Appropriations

Mar 23, 2022

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Senate

Senate Third Reading Passed - No Amendments

Mar 22, 2022

Senate

Senate Second Reading Passed with Amendments - Committee

Mar 18, 2022

Senate

Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Feb 07, 2022

Senate

Senate Committee on Business, Labor, & Technology Refer Unamended to Appropriations

  • Referral-Committee
Business, Labor, & Technology Appropriations

Jan 12, 2022

Senate

Introduced In Senate - Assigned to Business, Labor, & Technology

  • Introduction
Business, Labor, & Technology

Bill Text

Bill Text Versions Format
Final Act (05/18/2022) PDF
Rerevised (05/11/2022) PDF
Revised (05/10/2022) PDF
Reengrossed (03/23/2022) PDF
Engrossed (03/22/2022) PDF
Introduced (01/12/2022) PDF
PA2 (05/09/2022) PDF
PA1 (03/18/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (03/17/2022) PDF
Fiscal Note SA2 (05/09/2022) PDF
Fiscal Note FN1 (01/13/2022) PDF
Fiscal Note FN2 (03/29/2022) PDF
Fiscal Note FN3 (05/09/2022) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.