8 CCR 1502-1-2 - ADMINISTRATION

Rule 2 assigns affiliated employers to one of the five divisions, sets procedures for administrative review of Board decisions, describes the requirements for regular and special meetings of the Board of Trustees and general meetings of the Association, defines a quorum, describes the election of Board members and officers, and specifies the actuarial methods and assumptions used by the Association. Unless otherwise indicated, for the purposes of Rule 2, where applicable, the term "member" shall include DPS members and the term "retiree" shall include DPS retirees.

2.10 Affiliated Employers

Whenever any state agency, its political subdivisions, any school district, any public entity or court becomes affiliated with the Association, the Board shall assign it and its employees to either the State Division, School Division, the Local Government Division, the Judicial Division, or the DPS Division.

2.15 Employer Assignments
A. State Division
(1) Within the State Division, one group shall be designated Institutions of Higher Education, and the other shall be designated Agencies and Instrumentalities.
(A) The Institutions of Higher Education group of the State Division shall consist of the following employers and their employees and any other institutions of higher education established subsequent to the adoption of the Rules:

Adams State University

Aims Community College

Arapahoe Community College

Auraria Higher Education Center

Community College of Aurora

Colorado Mesa University

Colorado Mountain College

Colorado Northwestern Community College

Colorado School of Mines

Colorado State University

Colorado State University at Pueblo

Commission on Higher Education

Community College of Denver

Fort Lewis College

Front Range Community College

Lamar Community College

Metropolitan State University of Denver

Morgan Community College

Northeastern Junior College

Otero Junior College

Pikes Peak Community College

Pueblo Community College

Red Rocks Community College

State Board for Community Colleges and Occupational Education

Trinidad State Junior College

University of Colorado

University of Northern Colorado

Western Colorado University

(B) The Agencies and Instrumentalities group of the State Division shall consist of the following employers and their employees and any other state agency or instrumentality established subsequent to the adoption of the Rules:

Collegelnvest

College Assist

Colorado Association of School Boards

Colorado Association of School Executives

Colorado High School Activities Association

Colorado House of Representatives

Colorado Senate

Colorado Water Resources & Power Development Authority

Colorado Community College System

CoverColorado Department of Agriculture

Department of Corrections

Department of Education

Department of Health Care Policy and Financing

Department of Human Services

Department of Labor and Employment

Department of Law

Department of Local Affairs

Department of Military and Veterans Affairs

Department of Natural Resources

Department of Personnel and Administration

Department of Public Health and Environment

Department of Public Safety

Department of Regulatory Agencies

Department of Revenue

Department of State

Department of the Treasury

Department of Transportation

Fire and Police Pension Association

Joint Budget Committee

Judicial Department

Legislative Council

Office of the District Attorneys

Office of Economic Development and International Trade

Office of the Governor

Office of Information Technology

Office of Legislative Legal Services

Office of the Lieutenant Governor

Office of the State Auditor

Pinnacol Assurance

Public Employees' Retirement Association

School for the Deaf and the Blind

Special District Association of Colorado

State Historical Society

B. The School Division shall consist of the following affiliated employers and their employees and any other school district established and affiliated subsequent to the adoption of the Rules:

Adams County

Adams 12 Five Star Schools

Adams County School District 14

Bennett School District 29J

Brighton School District 27J

Mapleton School District 1

Strasburg School District 31J

Westminster Public Schools

Alamosa County

Alamosa County School District Re-11J

Sang re de Cristo School District Re-22J

Arapahoe County

Adams-Arapahoe School District 28J

Byers School District 32J

Cherry Creek School District 5

Deer Trail School District 26J

Englewood School District 1

Littleton School District 6

Sheridan School District 2

Archuleta County

Archuleta County School District 50 Jt

Baca County

Campo School District RE-6

Pritchett School District RE-3

Springfield School District RE-4

Vilas School District RE-5

Walsh School District RE-1

Bent County

Las Animas School District RE-1

McClave School District RE-2

Boulder County

Boulder Valley School District RE2

St. Vrain Valley School District RE1J

Chaffee County

Buena Vista School District R-31

Salida School District R-32(J)

Cheyenne County

Cheyenne County School District Re-5

Kit Carson School District R-1

Clear Creek County

Clear Creek School District RE-1

Conejos County

North Conejos School District RE1J

Sanford School District 6J

South Conejos School District RE 10

Costilla County

Centennial School District R-1

Sierra Grande School District R-30

Crowley County

Crowley County School District RE-1

Custer County

Custer County Consolidated School District C-1

Delta County

Delta County School District 50(J)

Dolores County

Dolores County School District Re No. 2

Douglas County

Douglas County School District Re 1

Eagle County

Eagle County School District Re 50

Elbert County

Agate School District 300

Big Sandy School District 100J

Elbert School District 200

Elizabeth School District C-1

Kiowa School District C-2

El Paso County

Academy School District #20

Calhan School District RJ1

Cheyenne Mountain School District 12

Colorado Springs School District 11

Edison School District 54 Jt

Ellicott School District 22

Falcon School District 49

Fountain School District 8

Hanover School District 28

Harrison School District 2

Lewis-Palmer School District 38

Manitou Springs School District 14

Miami/Yoder School District 60 Jt

Peyton School District 23 Jt

Widefield School District 3

Fremont County

Canon City School District Re-1

Cotopaxi School District Re-3

Florence School District Re-2

Garfield County

Garfield School District 16

Garfield School District Re-2

Roaring Fork School District Re-1

Gilpin County

Gilpin County School District Re-1

Grand County

East Grand School District 2

West Grand School District 1

Gunnison County

Gunnison Watershed School District ReU

Hinsdale County

Hinsdale County School District Re-1

Huerfano County

Huerfano School District Re-1

La Veta School District Re-2

Jackson County

North Park School District R-1

Jefferson County

Jefferson County School District R-1

Kiowa County

Kiowa County School District RE-1

Plainview School District Re-2

Kit Carson County

Arriba-Flagler Consolidated School District No. 20

Bethune School District R-5

Burlington School District Re-6J

Hi-Plains School District R-23

Stratton School District R-4

Lake County

Lake County School District R-1

La Plata County

Bayfield School District 10Jt-R

Durango School District 9-R

Ignacio School District 11 Jt

Larimer County

Estes Park School District R-3

Poudre School District R-1

Thompson School District R-2J

Las Animas County

Aguilar Reorganized School District 6

Branson Reorganized School District 82

Hoehne Reorganized School District 3

Kim Reorganized School District 88

Primero Reorganized School District 2

Trinidad School District 1

Lincoln County

Genoa/Hugo School District C-113

Karval School District Re 23

Limon School District Re 4J

Logan County

Buffalo School District Re-4

Frenchman School District Re-3

Plateau School District Re-5

Valley School District Re-1

Mesa County

De Beque School District 49 Jt

Mesa County Valley School District 51

Plateau Valley School District 50

Mineral County

Creede Consolidated School District 1

Moffat County

Hayden School District Re 1

Moffat County School District Re No.1

Montezuma County

Dolores School District RE 4A

Mancos School District Re-6

Montezuma-Cortez School District Re 1

Montrose County

Montrose County School District Re-1 J

West End School District Re-2

Morgan County

Brush School District Re-2 (J)

Fort Morgan School District Re-3

Weldon Valley School District Re-20 (J)

Wiggins School District Re-50 (J)

Otero County

Cheraw School District 31

East Otero School District R1

Fowler School District R4J

Manzanola School District 3J

Rocky Ford School District R2

Swink School District 33

Ouray County

Ouray School District R-1

Ridgway School District R-2

Park County

Park County School District Re-2

Platte Canyon School District 1

Phillips County

Haxtun School District Re-2J

Holyoke School District Re-U

Pitkin County

Aspen School District 1

Prowers County

Granada School District Re-1

Holly School District Re-3

Lamar School District Re-2

Wiley School District Re-13 Jt

Pueblo County

Pueblo City School District 60

Pueblo County Rural School District 70

Rio Blanco County

Meeker School District RE1

Rangely School District RE4

Rio Grande County

Del Norte School District C-7

Monte Vista School District C-8

Sargent School District Re-33J

Routt County

South Routt School District Re 3

Steamboat Springs School District Re 2

Saguache County

Center Consolidated School District 26 Jt

Moffat School District 2

Mountain Valley School District Re 1

San Juan County

Silverton School District 1

San Miguel County

Norwood School District R-2J

Telluride School District R-1

Sedgwick County

Julesburg School District Re 1

Revere School District

Summit County

Summit School District Re 1

Teller County

Cripple Creek-Victor School District Re-1

Woodland Park School District RE-2

Washington County

Akron School District R-1

Arickaree School District R-2

Lone Star School District 101

Otis School District R-3

Woodlin School District R-104

Weld County

Ault-Highland School District Re-9

Briggsdale School District Re-10

Eaton School District Re-2

Weld County School District Re-1

Greeley School District 6

Johnstown-Milliken School District Re-5J

Keenesburg School District Re-3

Pawnee School District Re-12

Platte Valley School District Re-7

Prairie School District Re-11

Weld County School District Re-8

Wndsor School District Re-4

Yuma County

Idalia School District RJ-3

Liberty School District J-4

Wray School District RD-2

Yuma School District 1

Boards of Cooperative Educational Services (BOCES)

Adams County Board of Cooperative Educational Services

Centennial Board of Cooperative Educational Services

East Central Board of Cooperative Educational Services

Education reEnvisioned Board of Cooperative Education Services

Expeditionary Learning School Board of Cooperative Educational Services

Educational Services Grand Valley Board of Cooperative Educational Services

Grand Valley Board of Cooperative Educational Services

Mount Evans Board of Cooperative Educational Services

Mountain Board of Cooperative Educational Services

Northeast Board of Cooperative Educational Services

Northwest Colorado Board of Cooperative Educational Services

Pikes Peak Board of Cooperative Educational Services

Rio Blanco Board of Cooperative Educational Services

San Juan Board of Cooperative Educational Services

San Luis Valley Board of Cooperative Educational Services

Santa Fe Trail Board of Cooperative Educational Services

South Central Board of Cooperative Educational Services

Southeastern Board of Cooperative Educational Services

Uncompahgre Board of Cooperative Educational Services

Ute Pass Board of Cooperative Educational Services

Vocational Schools

Technical College of the Rockies

Other

Colorado Consortium for Earth and Space Science Education

C. Local Government Division

The Local Government Division shall consist of the following affiliated employers and their employees and any other entity of local government or public agency other than state that elect to affiliate with the Association:

Adams and Jefferson County Hazardous Response Authority

Alamosa Housing Authority

Arapahoe Park and Recreation District

Aurora Housing Authority

Baca Grande Water & Sanitation District

Beulah Waterworks District

Black Hawk-Central City Sanitation District

Blanca-Fort Garland Metropolitan District

Boulder County

Boulder County Public Trustee's Office

Boxelder Sanitation District

Brush Housing Authority

Carbon Valley Park & Recreation District

Castle Pines Metropolitan District

Castle Pines North Metropolitan District

Center Housing Authority

Central Colorado Water Conservancy District

City of Alamosa

City of Boulder

City of Castle Pines

City of Colorado Springs

City of Fort Morgan

City of Las Animas

City of Lone Tree

City of Manitou Springs

City of Pueblo

City of Wray

City of Yuma

Clearview Library District

Collbran Conservancy District

Colorado District Attorneys' Council

Colorado First Conservation District

Colorado Health Facilities Authority

Colorado Housing and Finance Authority

Colorado Library Consortium

Colorado River Fire Protection District

Colorado School District Self-Insurance Pool

Colorado Springs Utilities

Columbine Knolls-Grove Metropolitan Recreation District

Costilla Housing Authority

County Technical Services

Cucharas Sanitation and Water District

Douglas County Housing Partnership

Douglas County Libraries

Durango Fire Protection District

East Cheyenne Groundwater Management District

East Larimer County Water District

Eastern Rio Blanco Metropolitan Recreation & Park District

Eaton Housing Authority

Elbert County Library District

Elizabeth Park and Recreation District

El Paso- Teller County Emergency Telephone Service Authority

Estes Park Housing Authority

Estes Park Local Marketing District

Estes Valley Fire Protection District

Estes Valley Public Library District

Forest Lakes Metropolitan District

Fremont Conservation District

Fremont Sanitation District

Garfield County Housing Authority

Grand Junction Regional Airport Authority

Grand Valley Fire Protection District

Green Mountain Water and Sanitation District

GVR Metropolitan District

Housing Authority of Arriba

Housing Authority of the City of Boulder

Housing Authority of the City of Colorado Springs

Housing Authority of the County of Adams

Housing Authority of the Town of Limon

Lamar Housing Authority

Lamar Utilities Board

Left Hand Water District

Longmont Housing Authority

Longs Peak Water District

Louisville Fire Protection District

Maiker Housing Partners

Meeker Cemetery District

Meeker Regional Library District

Meeker Sanitation District

Montrose Fire Protection District

Montrose Recreation District

Monument Sanitation District

Morgan Conservation District

Morgan County Quality Water District

Mountain View Fire Protection District

Mountain Water and Sanitation District

Niwot Sanitation District

North Carter Lake Water District

North Chaffee County Regional Library

North Front Range Water Quality Planning Association

Northeast Colorado Health Department

Northeastern Colorado Association of Local Governments

Park Center Water District

Pine Drive Water District

Pikes Peak Regional Building Department

Plum Creek Water Reclamation Authority

Pueblo City-County Health Department

Pueblo Library District

Pueblo Transit Authority

Pueblo Urban Renewal Authority

Rampart Regional Library District

Rangely Regional Library District

Red Feather Mountain Library District

Red, White & Blue Fire Protection District

Republican River Water Conservation District

Rifle Fire Protection District

Rio Blanco Fire Protection District

Rio Blanco Water Conservancy District

Routt County Conservation District

Sable-Altura Fire Protection District

San Luis Valley Development Resources Group

San Luis Valley Water Conservancy District

San Miguel County Public Library District

San Miguel Regional and Telluride Housing Authority

Scientific and Cultural Facilities District

Sheridan Sanitation District #1

Soldier Canyon Water Treatment Authority

Southwest La Plata Library District

Statewide Internet Portal Authority

Steamboat II Water and Sanitation District

Strasburg Metropolitan Parks & Recreation District

St. Vrain Sanitation District

Tabernash Meadows Water and Sanitation District

Town of Alma

Town of Bayfield

Town of Crawford

Town of Dinosaur

Town of Eckley

Town of Estes Park

Town of Firestone

Town of Lake City

Town of Lochbuie

Town of Mountain Village

Town of Platteville

Town of Rico Town of Rye

Town of Seibert

Town of Silver Plume

Town of Timnath

Tri-County Health Department

Tri-Lakes Wastewater Treatment Facility

Upper Colorado Environmental Plant Center

Upper Thompson Sanitation District

Washington-Yuma Counties Combined Communications Center

Weld County Department of Public Health and Environment

West Greeley Conservation District

Western Rio Blanco Metropolitan Recreation and Park District

White River Conservation District

Wray Housing Authority

Yuma Housing Authority

D. Judicial Division

The Judicial Division shall consist of judges elected or appointed to positions in the following courts and any court established subsequent to the adoption of the Rules:

1st-22nd District Court

Adams County Cour

t Alamosa County Court

Arapahoe County Court

Archuleta County Court

Baca County Court

Bent County Court

Boulder County Court

Broomfield County Court

Chaffee County Court

Cheyenne County Court

Clear Creek County Court

Conejos County Court

Costilla County Court

Court of Appeals

Crowley County Court

Custer County Court

Delta County Court

Denver County Court

Denver Juvenile Court

Denver Probate Court

Dolores County Court

Douglas County Court

Eagle County Court

Elbert County Court

El Paso County Court

Fremont County Court

Garfield County Court

Gilpin County Court

Grand County Court

Gunnison County Court

Hinsdale County Court

Huerfano County Court

Jackson County Court

Jefferson County Court

Kiowa County Court

Kit Carson County Court

Lake County Court

La Plata County Court

Larimer County Court

Las Animas County Court

Lincoln County Court

Logan County Court

Mesa County Court

Mineral County Court

Moffat County Court

Montezuma County Court

Montrose County Court

Morgan County Court

Otero County Court

Ouray County Court

Park County Court

Phillips County Court

Pitkin County Court

Prowers County Court

Pueblo County Court

Rio Blanco County Court

Rio Grande County Court

Routt County Court

Saguache County Court

San Juan County Court

San Miguel County Court

Sedgwick County Court

Summit County Court

Supreme Court

Teller County Court

Washington County Court

Weld County Court

Yuma County Court

E. Denver Public Schools Division Denver Public School District No. 1
2.20 Administrative Review
A. Request for Executive Director Initial Decision

A written request for an initial decision by the Executive Director must be received by the Association within 90 days after the date on which the staff decision is mailed. The staff decision shall be sent by certified mail.

B. Request for Administrative Hearing

A written request for administrative hearing, including specifics, must be received by the Association within 45 days after the date on which the notice of the initial decision is mailed. The initial decision shall be made by PERA's Executive Director or the Executive Director's designee, and written notice of the initial decision shall be sent by certified mail.

C. Notification of Scheduled Administrative Hearing

The person for whom the hearing is being conducted or their attorney, if represented, and the person representing the PERA administration will be notified by certified mail and first class mail of the time, date and place of the hearing no less than 45 days prior to the date of the hearing.

D. Submission of Information Prior to the Hearing
(1) No less than 30 days prior to the date for which the hearing is scheduled, the person who requested the hearing and the person representing the PERA administration each shall submit:
(a) a statement which includes the issues presented, a brief analysis of those issues, the names of all witnesses to appear, a brief description of their expected testimony, and
(b) the written information to be considered at the hearing.
(2) No less than 20 days prior to the date for which the hearing is scheduled, the person who requested the hearing and the person representing the PERA administration each shall submit: a responsive statement including, to the extent appropriate, the same elements set forth in Rule 2.20 D (1)(a), and (b) and any additional written information to be considered at the hearing. After this submission, no further written information is to be submitted unless good cause is shown for the late submission.
E. Burden of Proof

The person who requested the hearing shall bear the burden of proof by a preponderance of the evidence at the hearing.

F. Consolidation of Administrative Appeals

Upon request of either party, the Board Chair at his or her discretion may direct consolidation of executive director initial decisions and/or administrative hearings in appropriate circumstances. The party requesting consolidation must make such request in writing no later than 30 days after the deadline for a written request for executive director initial decision or administrative hearing is due pursuant to Rule 2.20 A or B. Within 10 days of such a request, the other party may submit a written response stating that party's position regarding consolidation.

G. Administrative Hearing
(1) Appointment of Panel Members

The Panel shall consist of three Board members appointed by the Chair.

(2) Responsibilities of Panel

The Panel shall hear and consider the evidence and then shall issue written findings of fact, conclusions of law, and the decision. After thirty days from the date the Panel's decision is mailed, the Panel's decision shall constitute final administrative action appealable under Colorado Rule of Civil Procedure 106(a)(4) unless either party chooses to appeal the decision to the PERA Board pursuant to subparagraph (3) below. Written notice of the Panel's decision shall be sent by certified mail to each person who requested the hearing or to their attorney, if represented, and to the person representing the PERA administration.

(3) Review by the Board
(a) Any party may choose to appeal the Panel's decision to the PERA Board. If any party chooses to appeal, it must submit a written request for review to the PERA Board, which must be received by the Association within 30 days after the date on which the Panel's decision is mailed. If no appeal is made to the PERA Board within the 30 days, the Panel's decision shall become final administrative action at the expiration of the 30 days to appeal to the PERA Board.
(b) If a request for review to the PERA Board is filed prior to the deadline, the PERA Board shall review the matter based on the existing evidentiary record. The Board's review of the matter shall be limited to issues of law and shall not include review of the factual findings by the Panel. The record for Board review shall include the written materials considered by the Panel, the findings of fact, conclusions of law, and the Panel's decision. The Board may permit briefs and oral argument, if requested by a party at the time of appeal. The three Board members who served on the Panel shall not participate in the Board's review. After review, the Board shall issue a written decision affirming, reversing, or modifying the Panel's decision. Alternatively, the Board may remand the matter to the Panel with instructions to make further factual findings on specific issues that will assist the Board in determining issues of law; however, the Board may not alter any factual findings made by the Panel. Once the Panel has conducted its additional factual findings, the matter shall be re-submitted to the Board to issue its written decision. Written notice of the Board's final decision shall be sent by certified mail to the parties or to their attorney, if represented, within 10 days of the date on which the written decision was made.
(4) If the PERA Board reviews the Panel's decision pursuant to subsection (3) of section (G) of this Rule, the Board's decision after its review shall constitute final administrative action appealable under Colorado Rule of Civil Procedure 106(a)(4).
2.30 Candidacy for Election to the Board
A. Any member of the Association may become a candidate for election to the Board as a representative from his or her division, by submitting a petition containing the required signatures, and a biographical summary of 150 words or less. The petition and the biographical summary must be received by the Association office by the first working day of March of the election year.
B. For candidacy to represent members in either the State, School or the Local Government Division, a candidate must submit a petition signed by no fewer than 100 members of the Division for which candidacy is declared.
C. For candidacy to represent members in the Judicial Division, the candidate must submit a petition signed by no fewer than 10 members in the Judicial Division.
D. For the term effective July 1, 2012, and in accordance with Section 24-51-203, C.R.S., for candidacy to represent members and retirees of the DPS Division, a candidate must submit a petition signed by no fewer than 100 members and/or retirees in the DPS Division.
E. For candidacy as a retiree, the candidate must submit a petition signed by no fewer than 50 retirees. A retiree may not become a candidate in an election if the retiree's election would result in both retiree Trustees having retired from the same Division of membership. This paragraph (E) does not apply to retirees of the DPS Division.
F. Petitions must include the signature and legible printed name of each member or retiree who signs. The signer must also provide either their legible address or their legible Social Security number.
2.35 State Division Candidates
A. Within the State Division at least one of the members elected to the Board shall be an employee of an employer designated in Rule 2.15 A(1)(A) as an Institution of Higher Education, and at least one of the members elected shall be an employee of a State employer designated in Rule 2.15 A(1)(B) as an Agency or Instrumentality.
B. Should a State Division candidate who receives the highest number of votes be an employee of one of the employers within the same group as all other current Board members from the State Division, the candidate who receives the most votes and who is employed by an employer from the State Division group not represented on the Board shall be declared elected.
2.40 Ballots for Board Election

Board election shall be held according to procedures approved by the Board. All returned ballots must be postmarked or otherwise submitted no later than May 31 of the election year.

2.42 Division in Which a Member or Retiree is Eligible to Vote or Become a Candidate for Election to the Board

In situations in which an individual is a member and/or retiree of multiple divisions, the following provisions shall apply to determine in which Board election the individual is eligible to vote or to become a candidate for election to the Board:

A. If the individual is an active member of one division and a retiree of another division, the individual shall be considered a retiree for purposes of determining eligibility to vote and/or become a candidate for election to the Board.
B. If the individual is a retiree of multiple divisions, the individual shall be considered a retiree of the division from which the retiree first retired for purposes of determining eligibility to vote and/or become a candidate for election to the Board.
C. If the individual is a retiree of multiple divisions, and the retirement dates are the same, the individual shall be considered a retiree of the division from which the retiree has the largest retirement benefit for purposes of determining eligibility to vote and/or become a candidate for election to the Board.
D. If the individual is an active member working in multiple divisions, the individual shall be eligible to vote in the division in which he or she has the highest salary posting immediately preceding the date that the Board election ballots are mailed.
E. If the individual is an active member working in multiple divisions, the individual shall be eligible to become a candidate for election to the Board in the division in which he or she has the highest salary posting in the month that the individual submits his or her candidacy packet to the Association.
2.43 Gubernatorial Appointments
A. At such time as the first trustee of the state, school, and local government division leaves the Board either by death, resignation, removal, expiration of term, or otherwise after January 1, 2007, the gubernatorial appointment shall assume office at the next regularly scheduled board meeting following appointment by the governor. Such gubernatorial appointed trustee who has not yet been confirmed by the senate shall serve until senate confirmation or until senate confirmation is denied at which time the appointee shall be removed from the Board and the vacancy shall be filled in accordance with statute. Thereafter, at such time that a gubernatorial appointee leaves the Board either by death, resignation, removal, expiration of term, or otherwise, the next gubernatorial appointee shall assume office at the next regularly scheduled board meeting following appointment by the governor. Such gubernatorial appointed trustee who has not yet been confirmed by the senate shall serve until senate confirmation or until senate confirmation is denied at which time the appointee shall be removed from the Board and the vacancy shall be filled in accordance with statute.
B. Gubernatorial appointed trustees shall be compensated one hundred dollars per diem plus their actual and necessary expenses. The per diem amount shall be paid for each day that the trustee attends at least 75% of an official Board meeting, committee meeting, administrative hearing, trustee orientation, Board Planning session, or other function approved by the Board Chair or Vice Chair up to a maximum of 20 days per year.
2.45 Assumption of Office

Members and retirees elected or appointed to the Board shall assume office at the first regular Board meeting held after July 1 of the year in which they were elected, or at the first regular meeting following certification of election or appointment, whichever is later.

2.50 Election of Officers

The Board shall, by secret ballot, elect from among its members a Chair and Vice Chair, each to serve for terms of two years. When elections are required, they shall take place at the last regular meeting held in the calendar year, and the newly elected Chair and Vice Chair shall assume office as of the next regular meeting. No member may serve continuously as Chair for more than two consecutive terms. All officers shall be elected by a majority of those present and voting.

2.55 Duties of Officers
A. The Chair shall preside at all meetings of the Board. In the absence of the Chair, the Vice Chair shall assume the duties of the Chair.
B. Should the Chair be unable to complete the term as Chair, the Vice Chair shall serve as Chair until the Board elects a new Chair.
2.60 Standing Committees

Members of standing committees of the Board shall be recommended by the Chair and subject to approval by the Board.

2.70 Board Meetings
A. Regular meetings shall be held not less than quarterly according to an annual schedule adopted by the Board and published in the minutes of the Board. Time and location for such meetings shall be determined by the Board. The annual schedule may be modified by the Board as necessary.
B. Special meetings may be called by the Chair or any four members of the Board by providing three days notice to each member of the Board. A call for a special meeting must state the business to be considered, and the time, date and place of such meeting.
C. A majority of the Board shall constitute a quorum.
D. Board Action requires a majority vote of a quorum of the Board members. Board members may attend and vote via telephone and/or video conferencing.
E. No proxy voting shall be permitted.
2.80 General Meeting

A general meeting of the Association may be called by the Board at any time and shall be called upon receipt of a petition signed by not less than 3 percent of the Association's membership.

2.85 General Meeting Notice

Notice of a general meeting shall be mailed to each member not less than 10 days prior to the meeting, and shall state the time, place, and purpose of the meeting. Only matters which have been specified in the purpose of the meeting shall be considered. No proxy voting shall be permitted.

2.90 Actuarial Assumptions
A. Funding Method

The funding method used by the Association shall be the entry age actuarial cost method.

B. Asset Valuation Method

The asset valuation method used by the Association shall be a "smoothed" market value of assets. The difference between actual market value actuarial gains from investment experience and the expected actuarial gains from investment experience is recognized over a four-year period.

C. Actuarial Investment Assumption Rate

The actuarial investment assumption rate is 7.25 percent per year compounded annually, which is net after investment expenses.

D. Other Assumptions

Other actuarial assumptions set by the Board include the mortality table, and the probabilities of age and service retirement, withdrawal from service, disability, and death-in-service. These assumptions shall be set forth in the Association's Comprehensive Annual Financial Report, and, upon approval of the Report by the Board, such actuarial factors shall become part of the actuarial assumptions under Rule 2.90.

E. Money Purchase Benefits

The actuarial investment assumption rate and the mortality table shall be used in the actuarial determination of money purchase retirement benefits.

2.95 Funds Not Subject to Legal Process
A. For purposes of 24-51-212, C.R.S. a party asserting that any of the moneys, trust funds, reserves, accounts, contributions, pursuant to parts 4, 5, 14, 15, 16, and 17 of the Association Statutes or benefits referred to in the Association Statutes should be assignable either in law or in equity or be subject to execution, levy, attachment, garnishment, bankruptcy proceedings, or other legal process, because there is a judgment for a willful and intentional violation of fiduciary duties pursuant to 24-51-207, C.R.S., has the burden to prove that such a violation of fiduciary duty resulted in a direct financial gain for the offender or related party unless such a determination is set forth in the underlying judgment.
B. Direct financial gain means a monetary payment that would not have been received but for the willful and intentional violation of fiduciary duty. Direct financial gain shall not include the receipt of a benefit that such person or related party receives as a retiree or beneficiary of the Association as dictated by the statutory provisions of the Association.
2.96 Effect of Homicide on Beneficiary Designations
A. If a person designated as a beneficiary or entitled to survivor benefits under a member's defined benefit or defined contribution account, a participant's 401 (k) plan account, or a participant's 457 plan account feloniously kills that member, the person's rights as a beneficiary or survivor are forfeited and the member's account will be treated as if the felonious killer pre-deceased the member. Upon proper written notice to the Association that a member or participant may have been feloniously killed by his or her beneficiary or survivor, the Association shall hold payment of the funds to which the suspected felonious killer would be entitled until such time as there is a final determination as to whether such individual committed the felonious killing. PERA is not liable for having made any payments to a beneficiary or survivor or for having taken any other action in reliance on the beneficiary or survivor's apparent entitlement to benefits prior to receipt of written notice pursuant to this Rule 2.96. PERA shall have no duty or obligation to make any determination as to whether or not the deceased member or participant was a victim of a felonious killing or to seek any evidence with respect to any such felonious killing even if the circumstances of the member or participant's death are suspicious or questionable as to the beneficiary or survivor's participation in any such felonious killing. PERA is only liable for actions taken two or more business days after PERA has receipt of proper written notice pursuant to paragraph D of this Rule. Any form or service of notice other than that described in paragraph D of this Rule shall not be sufficient to impose liability on PERA for actions taken in paying a beneficiary or survivor.
B. For purposes of this Rule 2.96, a "felonious killing" is the killing of the decedent by an individual who, as a result thereof, is convicted of, pleads guilty to, or enters a plea of nolo contendere to the crime of murder in the first or second degree or manslaughter, as said crimes are defined in sections 18-3-102 to 18-3-104, C.R.S.
C. An individual will be considered to have committed a felonious killing if, after all right to appeal has been exhausted, a judgment of conviction, a plea of guilty, or a plea of nolo contendere, establishing criminal accountability for the felonious killing of the decedent conclusively establishes the convicted individual as the decedent's killer. Notwithstanding the status or disposition of a criminal proceeding, an interested party may make a formal written request for a determination by the Association of whether, by a preponderance of the evidence standard, each of the elements of felonious killing of the decedent has been established. Upon receiving such a request, the Association shall issue a staff determination regarding its determination. The Association's staff determination is appealable pursuant to PERA Rule 2.20 . If the Association finds that the elements have been so established, such determination conclusively establishes that individual as the decedent's killer for purposes of this Rule 2.96.
D. For purposes of this Rule, "proper written notice" means written notice mailed to PERA's main office by registered or certified mail, return receipt requested, or served upon PERA in the same manner as a summons in a civil action. The written notice shall indicate the name of the deceased member or participant, the name of the person asserting an interest, and a statement that a claim is being made pursuant to this Rule.
2.97 Requirement of Survival

If a member or retiree's named beneficiary, cobeneficiary, or other survivor does not survive the member or retiree by one hundred twenty hours, that person is deemed to have predeceased the member or retiree for purposes of the benefits provided under Article 51 of Title 24, C.R.S. If it is not established by clear and convincing evidence that the individual survived the member or retiree by one hundred twenty hours, it is deemed that the individual failed to survive for the required period. This Rule applies only to individuals born prior to the death of the member or retiree.

2.98 Effect of Marital or Civil Union Status on Beneficiary Designations

The designation of a beneficiary under the defined contribution plan, 401 (k) plan, 457 plan, or life insurance program, or of a cobeneficiary, co-annuitant, or named beneficiary under the defined benefit plan, is not subject to revocation pursuant to 15-11-804, C.R.S., as amended.

Notes

8 CCR 1502-1-2
38 CR 23, December 10, 2015, effective 1/1/2016 39 CR 23, December 10, 2016, effective 1/1/2017 40 CR 04, February 25, 2017, effective 4/1/2017 40 CR 24, December 25, 2017, effective 2/1/2018 41 CR 14, July 25, 2018, effective 9/1/2018 41 CR 20, October 25, 2018, effective 1/1/2019 42 CR 20, October 25, 2019, effective 1/1/2020 43 CR 21, November 10, 2020, effective 1/1/2021 44 CR 20, October 25, 2021, effective 1/1/2022

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