Pensions & Retirement
FPPA Simplified Reentry into Defined Benefit Plan
Reps. Jovan Melton, D-Aurora, and Kim Ransom, R-Littleton; Sens. Matt Jones, D-Louisville, and John Cooke, R-Greeley
HB 18-1031 allows an employer to enroll new employees in the Fire & Police Pension Association (FPPA) defined benefit system, should the employer choose to affiliate with FPPA. Existing employees can stay in their existing plan. The bill also simplifies statutory process for local money purchase (defined contribution) department to join FPPA.