Colorado § 24-51-912 Termination of survivor benefits

Colorado Statutes

§ 24-51-912 — Termination of survivor benefits

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

(1)Survivor benefits payable pursuant to the provisions of section 24-51-908 shall terminate when the benefit recipient dies or is no longer qualified to receive such benefits.

(2)Qualified children's survivor benefits shall terminate when the children marry or the board finds that such children are no longer mentally or physically incapacitated.

(3)When children's survivor benefits paid pursuant to section 24-51-905

(1)(a) are no longer payable, the surviving spouse may elect to receive:

(a)An option 3 benefit pursuant to the provisions of section 24-51-910;

(b)A surviving spouse's benefit pursuant to the provisions of section 24-51-909; or

(c)A single payment of any moneys remaining from the total of the amount credited to the member contribution account of the member an

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(1) Survivor benefits payable
pursuant to the provisions of section 24-51-908 shall terminate when the benefit
recipient dies or is no longer qualified to receive such benefits.

(2) Qualified children's survivor benefits shall terminate when the children
marry or the board finds that such children are no longer mentally or physically
incapacitated.

(3) When children's survivor benefits paid pursuant to section 24-51-905
(1)(a) are no longer payable, the surviving spouse may elect to receive:

(a) An option 3 benefit pursuant to the provisions of section 24-51-910;

(b) A surviving spouse's benefit pursuant to the provisions of section 24-51-909; or

(c) A single payment of any moneys remaining from the total of the amount
credited to the member contribution account of the member and matching
employer contributions.

(4) In the event that a surviving spouse remarries prior to July 1, 1997,
survivor benefits paid as surviving spouse's benefits pursuant to the provisions of
section 24-51-909 shall terminate upon the remarriage of such spouse.

(5) Survivor benefits paid to a dependent parent of a member pursuant to the
provisions of section 24-51-908 (5) shall terminate upon the remarriage of said
parent.

(6) If the association is paying a supplemental needs trust pursuant to
section 24-51-911 (8), such payment terminates and the provisions of this section
and section 24-51-913 apply when the beneficiary of such supplemental needs trust
is no longer eligible to receive survivor benefits. If a supplemental needs trust is
determined to be invalid or terminates after the association commences payment to
the supplemental needs trust, the survivor benefit, from then on, is paid to the
beneficiary of the supplemental needs trust so long as that beneficiary is eligible
for survivor benefits.

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Legislative History

Source: L. 87: Entire article R&RE, p. 1070, � 1, effective July 1. L. 90: IP(3) amended, p. 1252, � 5, effective July 1. L. 91, 2nd Ex. Sess.: (3)(c) amended, p. 71, � 3, effective October 11. L. 92: (2) amended, p. 1109, � 4, effective May 14. L. 95: (3)(c) amended, p. 556, � 13, effective July 1. L. 97: (4) amended, p. 67, � 14, effective July 1. L. 2015: (6) added, (SB 15-097), ch. 111, p. 327, � 6, effective April 16.