Colorado § 24-51-609 Service credit exceeding twenty years

Colorado Statutes

§ 24-51-609 — Service credit exceeding twenty years

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

(1)Service credit in excess of twenty years accrued on or before July 1, 1969, shall be included in the computation of the option 1 initial benefit for service retirement pursuant to the provisions of section 24-51-603 or 24-51-605, whichever is applicable.

(2)On or before July 1, 1993, the association shall recalculate the initial benefit for all benefit recipients whose benefits became effective prior to July 1, 1992, pursuant to the benefit formula specified by the provisions of section 24-51-603 or 24-51-605, whichever is applicable. The association shall provide benefits to all such benefit recipients based upon such recalculated initial benefits effective from July 1, 1992.

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(1) Service credit in
excess of twenty years accrued on or before July 1, 1969, shall be included in the
computation of the option 1 initial benefit for service retirement pursuant to the
provisions of section 24-51-603 or 24-51-605, whichever is applicable.

(2) On or before July 1, 1993, the association shall recalculate the initial
benefit for all benefit recipients whose benefits became effective prior to July 1,
1992, pursuant to the benefit formula specified by the provisions of section 24-51-603 or 24-51-605, whichever is applicable. The association shall provide benefits to
all such benefit recipients based upon such recalculated initial benefits effective
from July 1, 1992.

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