Title 24, Government - State
0 chapters · 2,521 sections in this title.
Colo. Rev. Stat. § 24-51-1511 Limitation on actions by eligible employees
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Administrative actions or civil actions brought by employees to dispute the election for participation or failure to elect participation in the association's defined benefit plan, the association's defined contribution plan, or the defined contribution plan established pursuant t…
Colo. Rev. Stat. § 24-51-1600.3 Definitions
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As used in this part 16, unless the context otherwise requires: (1) Trust fund means a deferred compensation plan trust fund as described in section 24-51-1601 (2). Source: L. 2025: Entire section added, (SB 25-275), ch. 377, p. 2071, � 184, effective August 6.
Colo. Rev. Stat. § 24-51-1601 Deferred compensation plan and trust fund
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(1) Effective July 1, 2009, the state deferred compensation committee established pursuant to section 24-52-102, as said section existed prior to its repeal in 2009, shall be abolished, and the board shall assume the administration of and fiduciary responsibility for the state de…
Colo. Rev. Stat. § 24-51-1602 Affiliation with the deferred compensation plan
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(1) An employee is not eligible to participate in the deferred compensation plan authorized in section 24-51-1601 unless his or her employer is affiliated with such plan. (2) An employer, as defined in section 24-51-101 (20), may affiliate with the deferred compensation plan by m…
Colo. Rev. Stat. § 24-51-1603 Contributions to the deferred compensation plan
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(1) An employee of an employer affiliated with the deferred compensation plan pursuant to section 24-51-1602 (2) or (3) may participate in the deferred compensation plan authorized in section 24-51-1601 by electing with his or her employer to defer receipt of salary by specifying…
Colo. Rev. Stat. § 24-51-1604 Expenses of the deferred compensation plan
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The expenses of administering the deferred compensation plan authorized in section 24-51-1601 shall be paid from either the investment earnings or account balances of the deferred compensation plan. Source: L. 2009: Entire part added, (SB 09-066), ch. 73, p. 259, � 22, effective …
Colo. Rev. Stat. § 24-51-1605 Investments of the deferred compensation plan
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(1) Individuals participating in the deferred compensation plan shall designate that their deferred compensation contributions be invested in one or more types of investments made available by the board. These investments may include, but are not limited to, equity investments, f…
Colo. Rev. Stat. § 24-51-1701 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) It is in the best interests of the people of this state to administer the Denver public schools pension system within the state under the public employees' retirement association. (b) The combination of the Denver publi…
Colo. Rev. Stat. § 24-51-1702 Definitions
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As used in this part 17, unless the context otherwise requires: (1) Accredited service shall have the same meaning as set forth in section 24-51-1704. (2) Active service, as used in determining eligibility to receive benefits, as contrasted with determination of the amount thereo…
Colo. Rev. Stat. § 24-51-1703 Denver public schools division - consolidation
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(1) The DPS plan shall continue to govern the benefits and programs specified in such plan through December 31, 2009. On January 1, 2010, the DPS plan shall be superseded by the provisions of this article except to the extent that it is necessary to refer to the DPS plan for the …
Colo. Rev. Stat. § 24-51-1704 Service credit
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(1) Accredited service, as used in the determination of benefits, allowed or allowable, shall include the following: (a) Subject to the express limitations in this section, all periods of employment with the district or with a charter school as a regular employee for which the em…
Colo. Rev. Stat. § 24-51-1705 Purchase of service credit relating to a refunded member contribution account and noncovered employment
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Purchases related to reemployment and noncovered employment for which payments are not complete prior to January 1, 2010, shall be governed by the DPS plan document. On January 1, 2010, service credit shall be credited to the member accounts to the extent of payments received, a …
Colo. Rev. Stat. § 24-51-1706 Accreditation of casual employment and qualifiable leave
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Accreditation of casual employment and qualifiable periods of leave as described in section 24-51-1704 for which payments are not complete prior to January 1, 2010, shall be governed by the DPS plan document. On January 1, 2010, such service shall be credited to the member accoun…
Colo. Rev. Stat. § 24-51-1707 Affiliate membership
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A casual employee who has been approved or has applied, and is ultimately approved, for status as an affiliate member as of December 31, 2009, shall remain an affiliate member and the benefits provided for pursuant to the DPS plan document shall govern at the time of retirement, …
Colo. Rev. Stat. § 24-51-1708 Unclaimed moneys
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Any moneys due under this part 17 to employees who have resigned, been dismissed, or died prior to retirement, and that have been unclaimed for a period of three years shall be forfeited and credited to the Denver public schools division. Source: L. 2009: Entire part added, (SB 0…
Colo. Rev. Stat. § 24-51-1709 Arrearages
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Arrearage contributions allowed pursuant to this part 17 that require employer contributions, as well as employee contributions, shall be the obligation of and shall be paid by the member's Denver public schools division employer at the time the payment obligation was initiated e…
Colo. Rev. Stat. § 24-51-1710 Earned service
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(1) Effective on January 1, 2004, each active member of the system shall be credited with earned service. Subject to the further provisions of this section, earned service shall be equal to the greater of a member's active or accredited service on January 1, 2004, calculated in a…
Colo. Rev. Stat. § 24-51-1711 Contributions - refunds
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(1) Refund upon termination. Upon termination of employment, a contributing member or affiliate member, subject to the portability provisions of section 24-51-1747, shall be entitled to a refund of the total accumulated contribution balance as of the date of such termination refu…
Colo. Rev. Stat. § 24-51-1712 Application for retirement benefits
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Notwithstanding any other provision of this part 17, application for and processing of retirement applications shall be governed by the rules and procedures adopted by the association's board. Pursuant to the provisions of this part 17 regarding portability, references in this pa…
Colo. Rev. Stat. § 24-51-1713 Eligibility - retirements without actuarial reduction
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(1) This section shall only apply to DPS members who have five or more years of service credit as of January 1, 2011. For DPS members who have less than five years of service credit as of January 1, 2011, eligibility for retirement without an actuarial reduction shall be governed…
Colo. Rev. Stat. § 24-51-1714 Eligibility - retirements requiring actuarial reduction
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(1) This section shall only apply to DPS members who have five or more years of service credit as of January 1, 2011. For DPS members who have less than five years of service credit as of January 1, 2011, eligibility for retirement requiring an actuarial reduction shall be govern…
Colo. Rev. Stat. § 24-51-1715 Benefits
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(1) The annual superannuation retirement allowance shall be determined in the following manner: (a) Subject to the provisions of paragraph (c) of this subsection (1) pertaining to certain members appointed or reappointed on or after July 1, 2005, and for persons who become affili…
Colo. Rev. Stat. § 24-51-1716 Optional forms of allowance
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Any contributing member or affiliate member whose effective date of retirement is on or after December 31, 2004, may elect to receive a superannuation retirement allowance in accordance with any of the options hereinafter stated. Option A shall be deemed a basic option, and the a…
Colo. Rev. Stat. § 24-51-1717 Option A
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Option A is a single life annuity, which is defined as a specified sum of money payable monthly to an annuitant from the time of retirement until the death of said annuitant, without refund of any kind to the estate of the deceased annuitant or anyone claiming by or through the a…
Colo. Rev. Stat. § 24-51-1718 Option B
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(1) Option B is an installment refund annuity, which is defined as a smaller sum of money than the amount that would be payable under option A but that is the actuarial equivalent thereof, as provided in this retirement plan, payable monthly to an annuitant from the time of retir…
Colo. Rev. Stat. § 24-51-1719 Option C
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(1) Any contributing member or affiliate member choosing or having chosen option C through December 31, 2009, will be governed by the DPS plan document. As of January 1, 2010, option C will no longer be a permissible payment choice. (2) Notwithstanding any provision to the contra…
Colo. Rev. Stat. § 24-51-1720 Option D
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Any contributing member or affiliate member choosing or having chosen option D through December 31, 2009, will be governed by the DPS plan document. As of January 1, 2010, option D will no longer be a permissible payment choice. Source: L. 2009: Entire part added, (SB 09-282), ch…
Colo. Rev. Stat. § 24-51-1721 Option E
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(1) Any contributing member or affiliate member choosing or having chosen option E through December 31, 2009, will be governed by the DPS plan document. As of January 1, 2010, option E will no longer be a permissible payment choice. (2) Notwithstanding any provision to the contra…
Colo. Rev. Stat. § 24-51-1722 Additional optional forms of allowance beginning December 31, 2004
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In addition to the options provided in sections 24-51-1717 and 24-51-1721, any contributing member or affiliate member whose effective date of retirement is on or after December 31, 2004, may elect to receive a superannuation retirement allowance in accordance with any of the opt…
Colo. Rev. Stat. § 24-51-1723 Option P2
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(1) Option P2 is a modified joint survivorship annuity, which is defined as a somewhat smaller sum of money than the amount that would be payable under option A but that is the actuarial equivalent thereof, as calculated under this retirement plan, payable monthly to an annuitant…
Colo. Rev. Stat. § 24-51-1724 Option P3
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(1) Option P3 is a joint survivorship annuity, which is defined as a somewhat smaller sum of money than the amount that would be payable under option A but that is the actuarial equivalent thereof, as calculated under this retirement plan, payable monthly to an annuitant from the…
Colo. Rev. Stat. § 24-51-1725 Determination of option P2 or P3 benefits
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For reduced superannuation retirements and disability recalculations, for members who retire with an effective date of retirement on or after December 31, 2004, the calculation of benefits payable pursuant to option P2 or P3, as set forth in sections 24-51-1723 and 24-51-1724, sh…
Colo. Rev. Stat. § 24-51-1726 Minimum benefits - contributing members and affiliate members
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(1) The minimum monthly pension portion of the retirement allowance under an option A settlement shall be the greater of: (a) Such pension amount payable as a part of the retirement allowance computed under the provisions of section 24-51-1715 in the case of a member retiring for…
Colo. Rev. Stat. § 24-51-1726.5 Contributions for a retiree who returns to membership - benefit calculation upon subsequent retirement - survivor benefit rights
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(1) Except as otherwise provided in section 24-51-1747, a DPS retiree who returns to work in a position that is subject to membership may voluntarily suspend his or her retirement allowance and resume membership. Upon such suspension, employer and member contributions are require…
Colo. Rev. Stat. § 24-51-1727 Eligibility for deferred members
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(1) Benefits shall be payable under this section and sections 24-51-1728 to 24-51-1731 if the following conditions are met: (a) The employee must be an affiliate member or contributing member who has completed a period of not less than five years of active service with the distri…
Colo. Rev. Stat. § 24-51-1728 Accredited service - deferred members
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In computing the amount of any deferred retirement allowance becoming due to such member upon final termination of employment, such member must, at the time of the effective date of termination of service, have a credit of accumulated contributions in such amount as would have be…
Colo. Rev. Stat. § 24-51-1729 Benefits - deferred members
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(1) In the event the employment of such member with the district terminates on or after July 1, 1962, the deferred retirement allowance, subject to the limitations set forth in section 24-51-1731, shall be computed in the following manner and paid under the following conditions: …
Colo. Rev. Stat. § 24-51-1730 Deferred member death
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In case any deferred member, as defined under section 24-51-1702 (19)(e), dies while such membership status remains in force but before the effective date of the deferred retirement allowance, the amount of the accumulated contribution balance at the time of death shall be paid t…
Colo. Rev. Stat. § 24-51-1731 Benefits for deferred members determined upon date of termination
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Subject to the provisions of this section, in the event of reemployment, all rights and privileges incident to a deferred retirement allowance shall be and remain as provided under the retirement plan and its pertinent policies and rules and regulations in effect at the time of s…
Colo. Rev. Stat. § 24-51-1732 Benefit increases - annual retirement allowance adjustment - contributing members - affiliate members - deferred members - survivors (2001 and 2005)
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(1) (a) Monthly retirement and survivor benefit payments, including the increases determined under the provisions of the DPS plan document attributable to retirement or death of an eligible employee of the district who retired or died after December 1, 1945, shall be increased in…
Colo. Rev. Stat. § 24-51-1733 Domestic relations order
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Agreements entered into pursuant to section 14-10-113 (6), C.R.S., on or before December 31, 2009, shall be subject to the provisions of the DPS plan document, and agreements entered into on and after January 1, 2010, pursuant to section 14-10-113 (6), C.R.S., shall be subject to…
Colo. Rev. Stat. § 24-51-1734 Disability retirement
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Applications for disability for DPS members filed on or before December 31, 2009, shall be governed by the disability provisions of the DPS plan document, and on or after January 1, 2010, disability shall be governed by the provisions of part 7 of this article. Persons receiving …
Colo. Rev. Stat. § 24-51-1735 Survivor benefits - refund
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(1) The determination of death and survivor benefits for DPS members shall be governed by this section. Pursuant to the provisions of this part 17 regarding portability, references in this section to service with the district shall be deemed to include service with all employers …
Colo. Rev. Stat. § 24-51-1736 Eligibility for survivor benefits
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(1) No benefits shall be payable under sections 24-51-1736 to 24-51-1746 unless all of the following conditions are met: (a) At the time of death the deceased member was a contributing member, or a contributing member who retired for disability on or after July 1, 1962, and who w…
Colo. Rev. Stat. § 24-51-1737 Eligible beneficiaries
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(1) Payments under sections 24-51-1736 to 24-51-1746 are limited to: (a) (I) A child, including an adopted child, of the deceased member, so long as the child is living, under the age of eighteen years, and unmarried; except that where an eligible member dies on or after January …
Colo. Rev. Stat. § 24-51-1738 Survivors of members who died between 1974 and 1984
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Benefits payable to survivors of deceased eligible members who die on or after January 1, 1974, and prior to January 1, 1984, subject to the limitations provided in sections 24-51-1736 to 24-51-1746, shall be governed by the DPS plan document. Source: L. 2009: Entire part added, …
Colo. Rev. Stat. § 24-51-1739 Survivors of members who died between 1984 and 1988
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Benefits payable to survivors of deceased eligible members who die on or after January 1, 1984, and prior to January 1, 1988, subject to the limitations provided in sections 24-51-1736 to 24-51-1746, shall be governed by the DPS plan document. Source: L. 2009: Entire part added, …
Colo. Rev. Stat. § 24-51-1740 Survivors of members who die in 1988 or later
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(1) Benefits payable to survivors of deceased eligible members who die on or after January 1, 1988, subject to the limitations provided in sections 24-51-1736 to 24-51-1746, shall be as follows: (a) To each beneficiary under section 24-51-1737 (1)(a), a monthly amount equal to th…
Colo. Rev. Stat. § 24-51-1741 Effective date of survivor benefits
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On or after January 1, 1998, if survivor benefits are payable under sections 24-51-1736 to 24-51-1746, such benefits shall be deemed to accrue as of the first day following the death of the member or the first day when the first beneficiary becomes eligible, whichever is later, a…
Colo. Rev. Stat. § 24-51-1742 Election by designated beneficiary
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If the deceased member had designated a beneficiary, other than the member's estate, to receive the refund of the accumulated contribution balance, no survivor's benefits shall be subject to claim under sections 24-51-1736 to 24-51-1746 unless such designated beneficiary or benef…