Colorado § 24-51-803 Determination of option 2 or 3 benefits

Colorado Statutes

§ 24-51-803 — Determination of option 2 or 3 benefits

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

(1)For service retirement, the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the date the retiree attained the age and service requirements for service retirement regardless of the effective date of such retirement.

(2)For reduced service retirement and disability retirement, the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the effective date of retirement.

(3)When a retiree designates a spouse as a cobeneficiary subsequent to retirement pursuant to the provisions of section 24-51-802 (3), the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially

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(1) For service
retirement, the calculation of benefits payable pursuant to option 2 or 3, as set
forth in section 24-51-801, shall be actuarially determined as of the date the retiree
attained the age and service requirements for service retirement regardless of the
effective date of such retirement.

(2) For reduced service retirement and disability retirement, the calculation
of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall
be actuarially determined as of the effective date of retirement.

(3) When a retiree designates a spouse as a cobeneficiary subsequent to
retirement pursuant to the provisions of section 24-51-802 (3), the calculation of
benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall
be actuarially determined as of the date of designation.

(4) When a retiree designates a cobeneficiary subsequent to retirement
pursuant to the provisions of section 24-51-802 (3.5), the calculation of benefits
payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be
actuarially determined as of the date of designation.

Colorado § 24-51-803 (Determination of option 2 or 3 benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 87: Entire article R&RE, p. 1066, � 1, effective July 1. L. 88: Entire section amended, p. 961, � 10, effective July 1. L. 92: (4) added, p. 1141, � 17, effective May 1. L. 2006: (1) amended, p. 1184, � 18, effective May 25.