In 2018, the FPPA Board of Directors created a task force to study the statewide plans managed by FPPA. The Statewide Plans Task Force convened 11 times over several months to review possible changes meant to improve the health and longevity of the statewide plans, as well as improve benefits for our members.
To that end, at the task force’s conclusion, the group recommended that the Board pursue several proposals in the upcoming legislative session. Then, in September 2019, the Board officially directed FPPA staff to draft legislation containing those proposed statute changes.
FPPA, overseen by our board, believes the legislation described on this website is the most effective way to address the unique challenges that we currently face, and to position the plans for success moving forward. We believe this measure will not only protect the plans, keeping them financially secure, but also provide lasting, meaningful benefits for the first responders of Colorado.
This legislation affects individual FPPA plans as indicated. Click the links below to learn more about the individual provisions, or read the full bill text here.
Increases employer contributions for each member by 4% over an 8 year period
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Creates a so-called Rule of 80—providing for a normal retirement as early as age 50, if a member's combined years of service and age equals 80—by increasing employer contributions by 1% over 2 years
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Converts existing SRAs to member-owned, self-directed defined contribution accounts; removes existing safeguards
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Increases Board's ability to adjust plan contributions by up to 0.2% every year
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Allows the FPPA Board to set contribution policies for affiliated Old Hire Fire and Police plans as they wind down
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We support the recommendations of the task force and encourage our elected officials to move forward with these proposed changes. We believe these proposed changes will enhance the long-term financial security of both past and current members, their families, and future generations.
-Nick Rogers, Denver Police Protective Association
Read the full endorsement letter
Periodic adjustments, such as those being proposed in the FPPA draft legislation, including financing contributions, are essential to maintaining the FPPA as one of the most fiscally sound public retirement programs in the entire nation.
-Garry Briese, Executive Director, Colorado State Fire Chiefs
Read the full endorsement letter
Even with the proposed changes in HB20-1044, FPPA would be in keeping and very much within the norms of state and local public safety plans…We believe that through this hearing, you are taking an important step towards addressing a few areas that need reform and keeps FPPA affordable, competitive, and sustainable.
-Hank Kim, Esq., Executive Director and Counsel, National Conference on Public Employee Retirement Systems
Written Testimony before the Colorado General Assembly House Finance Committee, February 3, 2020
Read the full testimony
We are supporting the recommendations of the task force for the proposed changes.
-Nikki Thomas, Colorado Police Protective Association
Read the full endorsement letter
The SDA Board considered the proposed legislation and voted to support the bill that would be introduced in the 2020 legislative session.
-Ann Terry, Special Districts Association of Colorado
Read the full endorsement letter
Colorado Professional Fire Fighters
Colorado Police Protective Association
Special Districts Association of Colorado
Colorado State Fire Chiefs
Denver Police Protective Association
Colorado AFL-CIO
Forward with FPPA provides information and resources for FPPA members, stakeholders and the public regarding the future of the Fire & Police Pension Association of Colorado.
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