S.B. 07-7 Volunteer firefighter pension fund - definitions - district - volunteer firefighter - compensation. In the case of a local volunteer firefighter pension fund:
● Modifies the existing definition of a "volunteer firefighter" to include a standard set forth in federal law.
● Identifies additional types of benefits and payments that are excluded from the definition of "compensation".
● Expands the definition of "district" to include a county that helps fund a volunteer pension fund and expressly authorizes the county to contribute revenue to its fund.
APPROVED by Governor April 2, 2007
EFFECTIVE April 2, 2007
H.B. 07-1024 Fire and police pension association - property tax exemption. For property tax years commencing on or after January 1, 2007, exempts real property owned, used, and occupied by the fire and police pension association and personal property owned and used by the association from the levy and collection of property tax.
APPROVED by Governor May 31, 2007
EFFECTIVE May 31, 2007
H.B. 07-1028 Fire and police pension association - new hire pension members - effect of marriage or remarriage. For a police officers' and firefighters' new hire pension member (member) who is single when he or she retires under the statewide defined benefit plan or is awarded a disability benefit and chooses a single life annuity and who subsequently marries or remarries and wishes to choose a new pension option, allows the member to do so within 180 days of the date of marriage or remarriage or by January 1, 2008, whichever is later.
Specifies that a disabled member must survive for 180 days after the change of pension option in order for the survivor benefit to be payable.
APPROVED by Governor March 14, 2007
EFFECTIVE March 14, 2007
H.B. 07-1029 Fire and police pension association - disability and survivor benefits - eligibility - offset. Changes eligibility for a disability or survivor benefit to be based on whether a member is receiving a pension from a plan in the defined benefit system. Reduces disability benefits by the amount a member receives from a local pension plan. Changes how the income offset is calculated for permanent occupational disabilities.
APPROVED by Governor March 29, 2007
EFFECTIVE March 29, 2007
H.B. 07-1030 Fire and police pension association - new hire pension plans - contribution deposit timing. Requires all contribution deposits for police officers' and firefighters' new hire pension plans and the statewide death and disability plan to be made 10 days following the payment of salary to the member, regardless of whether a member is paid more than once per month.
APPROVED by Governor March 29, 2007
EFFECTIVE August 3, 2007
NOTE: This act was passed without a safety clause. For further explanation concerning
the effective date, see page vi of this digest.
H.B. 07-1031 Fire and police pension association - emergency service provider - volunteer service award plan. Specifies that a governing body of an emergency service provider may adopt and administer a volunteer service award plan for bona fide volunteers who provide qualified emergency services so long as the plan is in compliance with federal internal revenue requirements. If the governing body of an emergency service provider establishes such an award plan, requires the governing body to invest the public moneys held to pay the awards pursuant to existing law governing the investment of such public moneys. Allows an emergency service provider to adopt any other incentive programs to assist bona fide volunteers.
APPROVED by Governor March 26, 2007
EFFECTIVE March 26, 2007
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