Code of Colorado Regulations
1508 - Department of Treasury
1508 - State Treasurer
8 CCR 1508-3 - RULES GOVERNING THE COLORADO SECURE SAVINGS PROGRAM
Section 8 CCR 1508-3.9 - Enforcement
Universal Citation: 8 CO Code Regs 1508-3 ยง 9
Current through Register Vol. 47, No. 5, March 10, 2024
A. The Program will partner with CDLE to enforce compliance with the Act.
B. CDLE will fine Non-compliant Employers one-hundred dollars for each Employee per year, not to exceed five thousand dollars in a calendar year.
C. Process
1. Treasury Staff together with Program
Administrator shall determine Registration Dates for Employers based on number
of Employees.
2. Treasury Staff
together with Program Administrator will notify Employers via first-class US
Mail not only of their respective Registration Dates but also in advance of
receiving Final Notice of Penalty Application.
3. After Registration Dates have passed, CDLE
will send three Notices of Non-Compliance to Non-Compliant Employers which
provide instructions on how either to Onboard with the Program or to certify
Exemption.
4. Fines shall commence
no earlier than twelve months after the Registration Date or one year after an
Employer is scheduled to enter the program, whichever is later. In no event
shall a fine be assessed earlier than three months after the first Notice of
Non-Compliance is postmarked.
5.
Within 30 days of the date listed on the Final Notice of Penalty Application,
Non-Compliant Employers shall remit to CDLE annual fines according to section
1508-3.5.9(B)1 above.
Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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