HB 10-1016
CONCERNING THE EXTENSION OF THE TERM OF THE RETIRED MEMBER OF THE BOARD OF DIRECTORS OF THE FIRE AND POLICE PENSION
ASSOCIATION.
This bill was recommended by the Police Officers' and Firefighters' Pension Reform Commission, a legislative committee, during the 2009 interim. Effective for terms beginning on or after January 1, 2010, the bill extends the term of the retired firefighter or police officer serving as a member of the Fire and Police Pension Association's board of directors from four years to six years. This bill is necessary because the board position rotates between retired firefighters and retired police officers every term causing the person in the position to serve only one term. All other positions on the board are allowed to serve two four year terms.
Signed into law by the Governor on 4/05/2010