C.R.S. § 24-51-1603: Contributions to the deferred compensation plan. [Editor's note: This version of this section is effective January 1, 2027.]

(1) An employee of an employer affiliated with the deferred compensation plan pursuant to section 24-51-1602 may participate in the deferred compensation plan authorized in section 24-51-1601 by electing with their employer to defer receipt of salary by specifying an amount contributed by payroll deduction. The amount of such deferral by the employee is subject to any limitations established by federal law.

(2) All voluntary deferrals by a participating member or retiree must be included in the salary of the member or retiree in accordance with section 24-51-101 (42) for the purpose of calculating member, working retiree, and employer contributions pursuant to the provisions of section 24-51-401.

(3) Consistent with the provisions of section 24-51-401 (1.7)(c) and (1.7)(d), an employer shall deliver all deferred compensation contributions to the trust fund via the association or the service provider designated by the association, if applicable, within five days after the date the employees are paid.