City of Lamar v. Lamar Police Department Money Purchase Pension Trust

Opinion by

Judge TURSI.

The City of Lamar (Lamar) appeals from a declaratory judgment ordering it to pay over all of the funds it received from the Colorado Fire and Police Pension Association (FPPA) to the Lamar Police Department Money Purchase Pension Trust and the Lamar Fire Department Money Purchase Pension Trust (Pension Trusts). We affirm.

Prior to the initiation of this action, Lamar withdrew from the FPPA, a statewide pension plan, to establish its own locally administered and financed pension plans as permitted by § 31-30-1001, et seq., C.R.S. (1986 Repl.Vol. 12B). As a withdrawing…