Colorado Statutes
§ 24-51-910 — Option 3 benefits
The option 3 benefits provided for in this part
9 shall be the same as those benefits specified in section 24-51-801 (1)(c) and
calculated pursuant to the provisions of section 24-51-603 or 24-51-605.5 (2),
whichever provides the greater benefit, as if the deceased member had retired on
the day of death; but in no case shall the option 3 benefits be less than twenty-five
percent of the deceased member's highest average salary if the deceased member
had at least ten years of service credit.
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Legislative History
Source: L. 87: Entire article R&RE, p. 1069, � 1, effective July 1. L. 88: Entire
section amended, pp. 962, 971, �� 16, 8, effective July 1. L. 95: Entire section
amended, p. 555, � 11, effective July 1.
Nearby Sections
15
§ 24-1-101
Legislative declaration§ 24-1-102
Short title§ 24-1-103
Head of department defined§ 24-1-106
Agencies not enumerated - continuation§ 24-1-109
Office of the governor§ 24-1-110
Principal departments§ 24-1-111
Department of state - creation§ 24-1-112
Department of the treasury - creation§ 24-1-113
Department of law - creation§ 24-1-115
Department of education - creation§ 24-1-117
Department of revenue - creation