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Colo. Rev. Stat. § 31-31.5-502 Normal retirement age
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The normal retirement age for the money purchase component is age fifty-five. Source: L. 2022: Entire article added, (HB 22-1034), ch. 61, p. 296, § 1, effective August 10.
Colo. Rev. Stat. § 31-31.5-503 Individual accounts - investment and account administration
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(1) (a) The board shall create and maintain adequate records to disclose the interest of each member and beneficiary with assets in the money purchase component of the plan. The records must be in the form of individual accounts, and credits and charges must be made to such accou…
Colo. Rev. Stat. § 31-31.5-504 Distribution of money purchase component accounts
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(1) A member's vested account balance becomes eligible for distribution upon the member's death, permanent occupational or total disability pursuant to part 8 of article 31 of this title 31, normal, vested, or early retirement, or termination of employment. (2) Upon becoming elig…
Colo. Rev. Stat. § 31-31.5-601 Modification of plan by the board
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(1) Subject to the requirements set forth in subsection (2) of this section and notwithstanding any other provision of this article 31.5, the board may modify the statewide retirement plan as follows: (a) To modify the multiplier, retirement age, or service requirements for pensi…