Form of survivor benefits and single payments

Colo. Rev. Stat. § 24-51-907, under SURVIVOR BENEFITS.

Colo. Rev. Stat. § 24-51-907

(1) Survivor benefits shall be payable if received by persons specified in section 24-51-905 (1)(a) or (1)(c) or 24-51-906 (1)(a) or (1)(c).

(2) A single payment shall be payable if received by persons specified in section 24-51-905 (1)(e), (1)(f), (2)(b), or (2)(c) or 24-51-906 (1)(e) or (1)(f).

(3) Surviving spouses or dependent parents specified in section 24-51-905 (1)(b), (1)(d), and (2)(a) and in section 24-51-906 (1)(b) and (1)(d) shall be paid survivor benefits unless they also qualify as a named beneficiary specified in section 24-51-905 (1)(e) or (2)(b) or 24-51-906 (1)(e), in which case they may elect to receive a single payment or survivor benefits.

Source: L. 87: Entire article R&RE, p. 1068, § 1, effective July 1. L. 88: (2) and (3) amended, p. 962, § 13, effective July 1. L. 90: Entire section amended, p. 1252, § 2, effective July 1.