§ 24-51-704 — Calculation of disability retirement benefit

Colorado § 24-51-704

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

Text

Except as
otherwise provided in this section, the disability retirement benefit shall be equal to
the amount of the benefit payable pursuant to the provisions of section 24-51-603
which would have been payable upon reaching sixty-five years of age. Such
calculation shall include earned and purchased service credit accumulated up to
the date of disability plus projected service credit up to sixty-five years of age but
not to exceed a total of twenty years of service credit. In no case shall the amount
of any disability retirement benefit exceed fifty percent of the highest average
salary of said member unless the member has earned and purchased service credit
in excess of twenty years which entitles the member to receive the benefit provided
pursuant to the provisions of section 24-51-603, based on the actual service credit
of said member.

Legislative History

Source: L. 97: Entire part R&RE, p. 777, � 12, effective January 1, 1999.