Title 24, Government - State

0 chapters · 2,521 sections in this title.

220 sectionsFiltered byTitle 24 Ch 51

Colo. Rev. Stat. § 24-51-401 Employer and member contributions
12.4K chars
(1) and (1.5) Repealed. (1.6) For the purposes of sections 24-51-401 to 24-51-404 and sections 24-51-405.5, 24-51-409, and 24-51-411, the term member shall include DPS members and the term retiree shall include DPS retirees. (1.7) (a) (I) Employers shall deliver a contribution re…
Colo. Rev. Stat. § 24-51-402 Unpaid contributions for any member - legislative declaration
12.7K chars
(1) The general assembly hereby finds and declares that: (a) The litigation of disputes regarding the payment of contributions by employers to the public employees' retirement association represents an inappropriate allocation of public moneys. Courts already suffer from overcrow…
Colo. Rev. Stat. § 24-51-403 Contributions assumed and paid by the employer
0.8K chars
For purposes of deferring federal income tax imposed on salary, the member contributions and the working retiree contributions assumed and paid for by the employer shall be in lieu of paying such amounts as salary and shall be treated as employer contributions pursuant to the pro…
Colo. Rev. Stat. § 24-51-404 Combining member contributions
0.7K chars
Any member whose previous member contribution account has not been refunded shall be credited with such member contributions in said account upon a resumption of membership. Notwithstanding the provisions of this section, members exercising portability between the Denver public s…
Colo. Rev. Stat. § 24-51-405 Refund of the member contribution account
2.7K chars
(1) Subject to portability, any member who terminates membership for any reason other than retirement or death may request a refund of all moneys credited to the member contribution account and payment of matching employer contributions if said member has not resumed membership. …
Colo. Rev. Stat. § 24-51-405.5 Direct rollovers
0.5K chars
Notwithstanding any other provision of this article, effective January 1, 1993, a terminated member, a surviving spouse, or a named beneficiary may elect to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan in a direct rollover in …
Colo. Rev. Stat. § 24-51-406 Payments from the judicial division
0.9K chars
Any member of the judicial division who was a member of that division on or before July 1, 1973, and who retires from the judicial division with more than sixteen years of service credit may elect prior to retirement to receive, within ninety days following the effective date of …
Colo. Rev. Stat. § 24-51-407 Interest
1.8K chars
(1) Member contributions shall earn interest beginning with the date of the first contribution, and, on succeeding balances, from the date of the first contribution through either the date the member contribution account is refunded and matching employer contributions are paid, t…
Colo. Rev. Stat. § 24-51-408 Matching employer contributions
10.1K chars
(1) For members who receive a benefit or who receive a refund payable after meeting the age and service requirements for a service or reduced service retirement benefit, or for payments made to survivors or beneficiaries of members who die before retirement, matching employer con…
Colo. Rev. Stat. § 24-51-408.5 Matching employer contribution on voluntary contributions made by members to tax-deferred retirement programs
7.8K chars
(1) For any member who makes a voluntary contribution to any eligible tax-deferred retirement program, the employer shall make a matching contribution on such voluntary contribution to the eligible tax-deferred retirement program subject to the provisions of this section. A membe…
Colo. Rev. Stat. § 24-51-409 Refund of erroneous member contribution
1.5K chars
(1) It is the intent of the general assembly that the association consider the payment of interest on any erroneous contribution made to a member contribution account and later refunded to the member. It is the further intent of the general assembly that, if the member was intent…
Colo. Rev. Stat. § 24-51-410 Anticipation of forfeitures in determining plan cost
0.2K chars
Any benefits forfeited upon a termination of membership in the association shall be anticipated in determining the cost of the plan. Source: L. 97: Entire section added, p. 64, � 6, effective July 1.
Colo. Rev. Stat. § 24-51-411 Amortization equalization disbursement
18.0K chars
(1) Beginning January 1, 2006, each employer shall deliver to the association an amortization equalization disbursement and, beginning January 1, 2008, a supplemental amortization equalization disbursement pursuant to the same procedures specified for employer contributions in se…
Colo. Rev. Stat. § 24-51-412 Denver public schools district - contributions and disbursements - legislative declaration
6.8K chars
(1) The general assembly hereby finds and declares that: (a) The Denver public schools has ongoing payment obligations related to certain pension certificates of participation that were issued in 1997 and 2008, referred to in this section as “PCOPS”; (b) Proceeds of the PCOPS wer…
Colo. Rev. Stat. § 24-51-413 Contribution and annual increase amount changes - definitions
7.5K chars
(1) As used in this section, unless the context otherwise requires: (a) Blended total contribution amount means: (I) Prior to July 1, 2030, the weighted average of the total amounts paid by the employer and the member to the association for the state, school, local government, an…
Colo. Rev. Stat. § 24-51-414 Direct distribution - definitions
14.0K chars
(1) (a) Except as otherwise provided in subsections (6), (7), (8), and (8.5) of this section, on July 1, 2018, on July 1, 2019, on July 1, 2021, and on July 1 each year thereafter until there are no unfunded actuarial accrued liabilities of any division of the association that re…
Colo. Rev. Stat. § 24-51-415 Defined contribution supplement
1.1K chars
Beginning January 1, 2021, and every year thereafter, employer contribution rates will be adjusted to include a defined contribution supplement, which will be calculated separately for the state and local government divisions, as applicable. The defined contribution supplement fo…
Colo. Rev. Stat. § 24-51-416 PERA payment cash fund - creation - repeal. (Repealed)
0.4K chars
Source: L. 2021: Entire section added, (SB 21-228), ch. 94, p. 377, � 1, effective May 4. L. 2022: (1) amended, (SB 22-214), ch. 168, p. 1035, � 1, effective May 17. L. 2023: (4) added, (SB 23-056), ch. 322, p. 1944, � 2, effective June 2. Editor's note: Subsection (4) provided f…
Colo. Rev. Stat. § 24-51-501 Earned service credit
2.5K chars
(1) Service credit is earned for periods of employment with an employer during which salary is received by such employee and contributions are made to the association pursuant to the provisions of section 24-51-401 (1.7). No service credit shall be earned in connection with the p…
Colo. Rev. Stat. § 24-51-502 Purchased service credit
3.1K chars
(1) A member may qualify earlier for service retirement, reduced service retirement, or increased benefits through the purchase of additional service credit. (2) Service credit purchases are limited to those specified in this part 5. (3) Service credit purchased pursuant to this …
Colo. Rev. Stat. § 24-51-503 Purchase of service credit relating to a refunded member contribution account
1.5K chars
(1) Except as otherwise provided in section 24-51-318, the service credit forfeited with a refund pursuant to the provisions of section 24-51-405 may be purchased upon the former member’s resumption of membership and after completion of one year of earned service credit by such m…
Colo. Rev. Stat. § 24-51-504 Purchase of service credit relating to a paid sabbatical leave
1.0K chars
(1) The portion of service credit not earned during a paid sabbatical leave granted after July 1, 1966, may be purchased if the member makes member contributions on the difference between the partial salary paid and the salary which would have been paid if the paid sabbatical lea…
Colo. Rev. Stat. § 24-51-505 Purchase of service credit relating to noncovered employment
5.0K chars
(1) Service credit may be purchased for any period of previous employment with any public or private employer in the United States, its territories, or any foreign country subject to the following conditions: (a) If the service credit to be purchased is for noncovered employment …
Colo. Rev. Stat. § 24-51-506 Payments for purchased service credit
2.7K chars
(1) Service credit purchases may be made by a lump-sum payment, by installment payments, by a trustee-to-trustee transfer or a direct rollover of an eligible rollover distribution from a plan described in section 402 (c)(8)(B)(iii) to (vi) of the federal Internal Revenue Code of …
Colo. Rev. Stat. § 24-51-507 Uniformed service credit
1.4K chars
(1) A member shall be granted additional service credit for uniformed service, as defined for reemployment right purposes under federal law, if: (a) Such member had membership in the association at the time the uniformed service began; (b) Such member was discharged from uniforme…
Colo. Rev. Stat. § 24-51-508 Leave of absence for uniformed service
0.5K chars
An employee who is on a leave of absence for uniformed service at the time his or her employer becomes affiliated with the association shall be entitled to service credit as provided for in section 24-51-507 upon becoming a member after returning to such employment. Source: L. 87…
Colo. Rev. Stat. § 24-51-509 Combining service credit
1.1K chars
Service credit earned by a member during the most recent period of membership shall be combined with the service credit associated with the existing member contribution account of such member. Notwithstanding the provisions of this section, members exercising portability between …
Colo. Rev. Stat. § 24-51-601 Retirement benefit reserve
0.5K chars
A retirement benefit reserve is hereby created to provide retirement benefits to retirees and cobeneficiaries. Source: L. 87: Entire article R&RE, p. 1060, � 1, effective July 1. Editor's note: This section is similar to former � 24-51-106 as it existed prior to 1987. Cross refer…
Colo. Rev. Stat. § 24-51-601.5 Legislative declaration. (Repealed)
0.2K chars
Source: L. 87: Entire section added, p. 1096, � 1, effective July 1. L. 88: (2) added by revision, p. 963, �� 20(1), 21. Editor's note: Subsection (2) provided for the repeal of this section, effective January 1, 1990. (See L. 88, p. 963.)
Colo. Rev. Stat. § 24-51-602 Service retirement eligibility
11.9K chars
(1) (a) Members, except state troopers, who have five years of service credit as of January 1, 2011, and who have met the age and service credit requirements stated in the following table shall, upon written application and approval of the board, receive service retirement benefi…
Colo. Rev. Stat. § 24-51-603 Benefit formula for service retirement
4.4K chars
(1) (a) Except as otherwise provided in subsection (2) of this section, effective July 1, 1997, the option 1 benefit or option A benefit, whichever is applicable, for service retirement for members shall be calculated by multiplying the highest average salary by two and one-half …
Colo. Rev. Stat. § 24-51-604 Reduced service retirement eligibility
1.8K chars
(1) DPS members with less than five years of service credit as of January 1, 2011, and members who were members, inactive members, or retirees on December 31, 2019, and who have met the age and service credit requirements stated in the following table and who do not meet the requ…
Colo. Rev. Stat. § 24-51-605 Benefit formula for reduced service retirement
5.6K chars
(1) (a) For a member who is a state trooper, who is eligible to retire on and after July 1, 1998, but on or before January 1, 2011, and who retires upon reaching fifty years of age or older but before reaching sixty years of age, a reduced service retirement benefit shall be the …
Colo. Rev. Stat. § 24-51-605.5 Benefit calculation for money purchase retirement benefit
0.9K chars
(1) Members and vested inactive members who have met the age and service credit requirements for eligibility for a service retirement benefit or a reduced service retirement benefit shall, upon written application and approval of the board, receive the greater of: (a) The retirem…
Colo. Rev. Stat. § 24-51-606 Vested inactive member rights
4.0K chars
(1) Any member who was a member, inactive member, or retiree on December 31, 2006, who has earned at least five years of service credit and who terminates membership and does not elect to receive a refund pursuant to the provisions of section 24-51-405 shall be eligible for a ben…
Colo. Rev. Stat. § 24-51-606.5 Indexation of benefits for vested inactive members
2.1K chars
A vested inactive member who was a member or inactive member on December 31, 2006, who has reached the age and service requirements for a service or reduced service retirement benefit on or before January 1, 2011, and who has at least twenty-five years of service credit prior to …
Colo. Rev. Stat. § 24-51-607 Benefit formula for service retirement or reduced service retirement involving direct payments
0.5K chars
A benefit for service retirement or reduced service retirement involving direct payments made by a vested inactive member shall be the option 1 benefit for service retirement, as calculated according to the formula set forth in section 24-51-603 or 24-51-605; except that the amou…
Colo. Rev. Stat. § 24-51-608 Retirement from the judicial division. (Repealed)
0.2K chars
Source: L. 87: Entire article R&RE, p. 1062, � 1, effective July 1. L. 88: Entire section repealed, p. 971, � 10, effective July 1. Editor's note: Before its repeal, this section was similar to former � 24-51-607 as it existed prior to 1987.
Colo. Rev. Stat. § 24-51-609 Service credit exceeding twenty years
0.9K chars
(1) Service credit in excess of twenty years accrued on or before July 1, 1969, shall be included in the computation of the option 1 initial benefit for service retirement pursuant to the provisions of section 24-51-603 or 24-51-605, whichever is applicable. (2) On or before July…
Colo. Rev. Stat. § 24-51-610 Division from which a member retires
0.3K chars
The division in which the retiree had membership immediately preceding the date of retirement shall be the division from which the member retires. Source: L. 87: Entire article R&RE, p. 1063, � 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1345, �…
Colo. Rev. Stat. § 24-51-611 Maximum limit under federal law
0.9K chars
Notwithstanding any other provision of this article, no benefit paid to any benefit recipient shall exceed the maximum permitted for qualified retirement plans pursuant to section 401 (a)(17) or section 415 of the federal Internal Revenue Code of 1986, as amended, including but n…
Colo. Rev. Stat. § 24-51-612 Required benefit commencement date
1.2K chars
(1) Payment of retirement benefits, for vested inactive members and deferred DPS members who are eligible to receive retirement benefits and who have not applied for such pursuant to the provisions of section 24-51-602, shall commence no later than April 1 of the calendar year fo…
Colo. Rev. Stat. § 24-51-613 Transfer mechanism between PERA and the Denver public schools employees’ pension and benefit association. (Repealed)
0.4K chars
C.R.S. 24-51-613Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 24-51-614 Employee retirement benefit study
5.2K chars
(1) (a) The state auditor, with the concurrence of the association, shall retain a nationally recognized and enrolled actuarial firm with experience in public sector pension plans to conduct the study described in subsection (2) of this section. The state auditor shall administer…
Colo. Rev. Stat. § 24-51-615 Distribution of benefits
0.8K chars
Distribution of benefits from each division trust fund shall be made in accordance with section 401 (a)(9) of the federal Internal Revenue Code of 1986, as amended, including the incidental death benefit requirement in section 401 (a)(9)(G), and the applicable treasury regulation…
Colo. Rev. Stat. § 24-51-701 Eligibility to apply for short-term disability program payments and disability retirement
1.9K chars
(1) Except as otherwise provided for in this section, any member shall be eligible to apply for disability retirement benefits or short-term disability program payments if: (a) Application is received by the association within ninety days after the date of termination of employme…
Colo. Rev. Stat. § 24-51-702 Disability programs
1.8K chars
(1) The association shall provide for two types of disability programs for disabilities incurred on or before termination of employment: (a) Short-term disability. A member who is found by the disability program administrator to be mentally or physically incapacitated from perfor…
Colo. Rev. Stat. § 24-51-703 Disability program design and administration
1.2K chars
The association shall contract with a disability program administrator to determine disability, to provide short-term disability insurance coverage, and to administer the short-term disability program. A contract shall conform to rules adopted by the board, which rules shall incl…
Colo. Rev. Stat. § 24-51-704 Calculation of disability retirement benefit
1.0K chars
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 …
Colo. Rev. Stat. § 24-51-705 Ineligibility
0.4K chars
If any disability is the direct result of any intentionally self-inflicted injury, the member shall not be eligible for short-term program participation or disability retirement benefits. Source: L. 97: Entire part R&RE, p. 777, � 12, effective January 1, 1999. Editor's note: Thi…