C.R.S. § 31-31.5-202: Reentering and affiliating employers.

(1) Members of employers who reenter or affiliate pursuant to part 7 or part 11 of article 31 of this title 31 shall participate in the statewide retirement plan beginning on the employer's effective date pursuant to rules adopted by the board.

(2) Members covered by subsection (1) of this section may elect a trustee-to-trustee transfer in order to transfer assets from the predecessor money purchase plan to the member's individual account established pursuant to part 5 of this article 31.5.

(3) An active member who is required to transfer money purchase assets to the statewide retirement plan may also elect to convert the vested proceeds from the predecessor money purchase plan into service credit towards the accrual of benefits under the lifetime benefit components as may be allowed pursuant to the board's rules.