The County has a defined contribution pension plan
administered by the Larimer County Retirement Board. The plan
provides pension, death and disability benefits for substantially
all regular employees of the County. Employees are required to
become members of the plan after one year of continuous service,
as a condition of employment. Contributions by employees and
the County are based on longevity as follows:
Employees have the option of contributing up to an
additional ten percent. Elected and appointed officials are 100%
vested during their tenure as an elected/appointed official.
Classified employees are vested according to the following schedule:
Employment | |
Upon the death of a participant, retirement at or
after age 65, or a determination of disability (as defined in
the plan), the participant is automatically 100% vested regardless
of the length of service with the County.
The County's total payroll for the Year Ended December
31, 1997 was $42,095,868 and contributions were calculated on
$35,475,504 of covered payroll. Both the County and the eligible
employees made the required contributions, amounting to $1,544,336
(4.353% of covered payroll) from each source, or $3,088,672 (8.706%
of covered payroll) in total. Other employee contributions in
excess of the required contribution amounted to $159,771.
Complete financial statements for the retirement
plan may be obtained from the Larimer County Retirement Board,
200 West Oak, Fort Collins, Colorado, 80521.
The District Attorney is a member of the Public Employees Retirement Association of Colorado (PERA). A copy of PERA's Comprehensive Annual Financial Report can be obtained from PERA of Colorado, 1300 Logan Street, Denver, Colorado 80203.