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Help & SupportChapter 2-9: Police and Fire Pensions46
The purpose of this chapter is to provide certain pension benefits for police officers and firefighters hired before April 8, 1978.47
Ordinance No. 7592 (2008)
2-9-2 Police Pension Benefits.
(a) Police officers who were hired prior to April 8, 1978, and retired on or after January 1, 1987, and their beneficiaries have pension eligibility rights and receive benefits as set forth in The City of Boulder "Old Hire" Police Defined Benefit Plan and Trust Agreement, as amended from time to time.
(b) Police officers who were hired prior to April 8, 1978, and retired prior to January 1, 1987, and their beneficiaries have pension eligibility rights and receive benefits as set forth in Colorado Revised Statutes, Title 31, Article 30.5, and this chapter, provided, however, that any such benefits shall be paid from, and shall remain an obligation of, the Trust Fund established by The City of Boulder "Old Hire" Police Defined Benefit Plan and Trust Agreement, as amended from time to time.
(c) Cost of living adjustments and increases to base pay levels used for determining pension benefits of police officers who were hired prior to April 8, 1978, and their beneficiaries are specified in The City of Boulder "Old Hire" Police Defined Benefit Plan and Trust Agreement, as amended from time to time.
(d) Police officers who were hired prior to April 8, 1978, and retired prior to January 1, 1987, and their beneficiaries shall have pension eligibility rights to receive benefits equal to the greater of the police or fire pension provisions provided by state law.
(e) Police officers who were hired prior to April 8, 1978, and retired prior to January 1, 1987, and who completed twenty years of service as police officers with the city may cease employment with the city at any time thereafter and begin receiving pension benefits after reaching the age of fifty or, alternatively, may retire and receive pension benefits at any time after completing twenty-five years of service.
(f) Benefits to surviving spouses of police officers who were hired prior to April 8, 1978, and retired prior to January 1, 1987, shall continue even if the surviving spouse remarries.
Ordinance No. 7592 (2008)
2-9-3 Firefighter Pension Benefits.
(a) Firefighters who are members of the Boulder Firemen’s Pension Fund who complete twenty years of service as firefighters with the city may cease their employment with the city at any time thereafter and may begin receiving pension benefits after reaching the age of fifty.
(b) Surviving spouses of firefighters who had retired under the provisions of subsection (a) of this section shall not begin to receive survivor benefits until the date upon which the deceased firefighter would have reached the age of fifty.
(c) Incremental payment for certain additional benefits provided by this section shall be made as follows:
An incremental contribution of 0.375 percent of the payroll of firefighters who are member of the Boulder Firemen’s Pension Fund shall be paid to the Boulder Firemen’s Pension Fund each pay period. The city shall pay fifty percent and the firefighters who are members of the Boulder Firemen’s Pension Fund shall pay fifty percent of the incremental contribution. The incremental contribution shall continue through every pay period until there are no longer any members of the Boulder Firemen’s Pension Fund employed by the city.
(d) After September 1, 1987, firefighters hired prior to April 8, 1978, who have completed twenty years of service as firefighters with the city and have reached the age of fifty shall received, in addition to other pension benefits, an additional two percent per year of final salary up to a maximum increase of ten percent of final salary, for each additional complete year they are employed by the city after completing twenty years of service and reaching the age of fifty.
(e) Retroactive to January 1, 1990, the pension benefit paid to each retired firefighter is increased by five percent.
(f) The base pay level used in determining pension benefits who retired before January 1, 1976, is the minimum monthly salary paid to the final rank of each such retired firefighter as of January 1, 1976, plus an additional six percent. The assistant chief’s salary is to be the same as the captain’s.
(g) The pension benefit paid to each firefighter who retired after December 31, 1975, and before January 1, 1979, is the amount to which such firefighter is entitled pursuant to state law, plus an additional six percent.
(h) Each surviving spouse of a firefighter who retired or died before January 1, 1974, shall receive the level of benefits which he or she would have received under the applicable provisions of state law or this chapter had his or her spouse died or retired on January 1, 1974, plus an additional six percent.
(i) Each surviving spouse of a firefighter who was in active service with the city as of January 1, 1990, and who dies while either in active service or retire shall receive survivor benefits equal in amount to the pension benefits what the deceased firefighter who have received if he or she had remained alive. If such a deceased firefighter had been eligible to receive pension benefits as of the date of his or her death but had not yet retired from active service, for purposes of determining the amount of the survivor benefits, the date of the firefighter’s death shall be deemed to be the date of his or her retirement.
Ordinance No. 7592 (2008)
46 Adopted by Ordinance no. 4995. Derived from Ordinance Nos. 3967, 4392.
47 For police officers and firefighters hired after April 8, 1978, see §§ 31-30-801 to 1016, C.R.S.