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Wheat Ridge moves recruits into police pension plan, raises sworn contribution and lowers retirement age

2160190 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council amended code to enroll police recruits in the sworn pension plan immediately and approved a restated plan adoption agreement that raises the city's sworn contribution to 12.5% and lowers the normal retirement age to 50, to align with IRS rules for public safety employees; the contribution increase will be funded by forfeiture releases.

WHEAT RIDGE, Colo. — The Wheat Ridge City Council on Jan. 27 approved changes to the city’s police pension rules that (1) allow recruits entering the police academy to enroll immediately in the sworn police pension plan and (2) amend the sworn plan to increase the city contribution and lower the normal retirement age for sworn officers.

Council Bill 04‑2025 amends the code so recruits are enrolled in the police pension plan at hire instead of first being placed in the civilian plan for roughly six…

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