§ 24-51-1735 — Survivor benefits - refund

Colorado § 24-51-1735

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Public Employees' Retirement Association

Text

(1) The determination of death and
survivor benefits for DPS members shall be governed by this section. Pursuant to
the provisions of this part 17 regarding portability, references in this section to
service with the district shall be deemed to include service with all employers
affiliated with the association.

(2) In case of death of any affiliate or contributing member prior to
retirement, the total accumulated contribution balance at the time of death shall be
payable in one lump sum to the designated beneficiary, if applicable, or to the
member's estate, unless one or more of the following circumstances exist:

(a) Said member meets the definition of deferred member under section 24-51-1702 (19)(e) at the time of death, in which case section 24-51-1730 shall apply.

(b) The designated beneficiary or beneficiaries of said member shall elect,
pursuant to the provisions of sections 24-51-1736 to 24-51-1746, to have the
provisions of said sections 24-51-1736 to 24-51-1746 applied in lieu of the refund
above mentioned.

Legislative History

Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1379, � 56, effective January 1, 2010.