Colorado § 24-51-1714 Eligibility - retirements requiring actuarial reduction

Colorado Statutes

§ 24-51-1714 — Eligibility - retirements requiring actuarial reduction

Colorado·Title 24 Government·Art. Public Employees' Retirement Association

(1)This section shall only apply to DPS members who have five or more years of service credit as of January 1, 2011. For DPS members who have less than five years of service credit as of January 1, 2011, eligibility for retirement requiring an actuarial reduction shall be governed by section 24-51-604.

(2)Whenever a contributing member or affiliate member pursuant to the DPS plan has completed a period of twenty-five years of active service with the district but has not attained the age of fifty-five years, said member shall be eligible for retirement for superannuation but with reduced benefits in accordance with the applicable provisions of section 24-51-1715. Any such retirement shall be voluntary and reflect the choice of the member.

(3)Whenever a contributing member or a

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(1) This
section shall only apply to DPS members who have five or more years of service
credit as of January 1, 2011. For DPS members who have less than five years of
service credit as of January 1, 2011, eligibility for retirement requiring an actuarial
reduction shall be governed by section 24-51-604.

(2) Whenever a contributing member or affiliate member pursuant to the
DPS plan has completed a period of twenty-five years of active service with the
district but has not attained the age of fifty-five years, said member shall be
eligible for retirement for superannuation but with reduced benefits in accordance
with the applicable provisions of section 24-51-1715. Any such retirement shall be
voluntary and reflect the choice of the member.

(3) Whenever a contributing member or affiliate member pursuant to the
DPS plan has completed a period of fifteen years of active service with the district
and has attained the age of fifty-five years while in the service of the district, said
member shall be eligible for retirement for superannuation but with reduced
benefits in accordance with the applicable provisions of section 24-51-1715. Any
such retirement shall be voluntary and reflect the choice of the contributing
member.

(4) Whenever a contributing member or affiliate member pursuant to the
DPS plan has completed a period of thirty years of active service with the district
but has not attained the age of fifty years, said contributing member shall
nevertheless be eligible for retirement for superannuation but with reduced
benefits in accordance with the applicable provisions of section 24-51-1715. Any
such retirement shall be voluntary and reflect the choice of the member.

Colorado § 24-51-1714 (Eligibility - retirements requiring actuarial reduction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1367, � 56, effective January 1, 2010. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 26, � 28, effective January 1, 2011.