0 chapters · 2,521 sections in this title.
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…
Colo. Rev. Stat. § 24-51-706 Disability determination for members of the judicial division
1.8K chars
The earned service credit of a member of the judicial division who retires due to disability shall include such service credit as would have been earned had membership continued to the end of the term of office which the member was serving at the time of termination of employment…
Colo. Rev. Stat. § 24-51-707 Continuation of disability retirement benefits - reduction based on earned income - applications made prior to January 1, 1999
1.1K chars
(1) For any disability retiree whose disability retirement date is on or after July 1, 1988, and whose application for disability retirement was received by the association prior to January 1, 1999, the amount of the annual disability benefit shall be reduced by one-third of the …
Colo. Rev. Stat. § 24-51-708 Division from which a disabled member retires
0.4K 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. 97: Entire part R&RE, p. 778, � 12, effective January 1, 1999. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1…
Colo. Rev. Stat. § 24-51-801 Benefit options
3.9K chars
(1) Any member applying for service retirement or disability retirement may elect to receive a monthly retirement benefit paid in accordance with any one of the following options: (a) Option 1. A single life benefit payable for the life of the retiree and, upon the death of the r…
Colo. Rev. Stat. § 24-51-802 Change in option or cobeneficiary
3.6K chars
(1) Except as otherwise provided in this part 8, the election of an option and the designation of a cobeneficiary for options 2 and 3 shall not be changed after sixty days have elapsed from issuance of the initial benefit payment. (2) The election of an option or the designation …
Colo. Rev. Stat. § 24-51-803 Determination of option 2 or 3 benefits
1.8K chars
(1) For service retirement, the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the date the retiree attained the age and service requirements for service retirement regardless of the effective da…
Colo. Rev. Stat. § 24-51-901 Survivor benefits reserve
0.3K chars
A survivor benefits reserve is hereby created to provide monthly survivor benefits to eligible survivors of certain deceased members and certain deceased inactive members. Source: L. 87: Entire article R&RE, p. 1067, � 1, effective July 1. Editor's note: This section is similar t…
Colo. Rev. Stat. § 24-51-902 Modification of named beneficiaries
0.5K chars
A named beneficiary may be added, deleted, or changed by a member or inactive member, including members from the Denver public schools division, upon written notice to the association. Source: L. 87: Entire article R&RE, p. 1067, � 1, July 1. L. 2009: Entire section amended, (SB …
Colo. Rev. Stat. § 24-51-903 Distribution to named beneficiaries
0.6K chars
All named beneficiaries, if more than one, who survive the deceased member or deceased inactive member, including members from the Denver public schools division, shall share equally in a single payment. Source: L. 87: Entire article R&RE, p. 1067, � 1, effective July 1. L. 2009:…
Colo. Rev. Stat. § 24-51-904 Survivor benefits - eligibility - member defined
5.4K chars
(1) (a) Survivor benefits may become payable if the deceased person was: (I) A member who had earned at least one year of service credit; except that such one-year service requirement shall be waived if the death of the member was job-incurred; or (II) An inactive member who had …
Colo. Rev. Stat. § 24-51-905 Deceased member who was not eligible for service or reduced service retirement
2.4K chars
(1) In accordance with the provisions of this part 9, if a member met the service credit requirements specified in section 24-51-904 (1)(a)(I) or (1)(a)(II) but did not meet the age and service credit requirements for service retirement as of the date of death, pursuant to the pr…
Colo. Rev. Stat. § 24-51-906 Deceased member who was eligible for service or reduced service retirement
1.6K chars
(1) In accordance with the provisions of this part 9, if a member met the age and service credit requirements for service retirement as of the date of death, pursuant to the provisions of section 24-51-602 or 24-51-604, survivor benefits or a single payment shall be payable in th…
Colo. Rev. Stat. § 24-51-907 Form of survivor benefits and single payments
1.1K chars
(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 …
Colo. Rev. Stat. § 24-51-908 Survivor benefits
3.3K chars
(1) Survivor benefits paid to a cobeneficiary pursuant to the provisions of section 24-51-906 (1)(a) shall be calculated in the same manner as option 3 benefits pursuant to the provisions of section 24-51-910. Survivor benefits paid to a surviving spouse pursuant to the provision…
Colo. Rev. Stat. § 24-51-909 Surviving spouse's benefits
0.4K chars
A surviving spouse's benefit shall be equal to twenty-five percent of the highest average salary of the deceased member. Source: L. 87: Entire article R&RE, p. 1069, � 1, effective July 1. L. 88: Entire section amended, p. 962, � 15, effective July 1. Editor's note: This section …
Colo. Rev. Stat. § 24-51-910 Option 3 benefits
0.9K chars
The option 3 benefits provided for in this part 9 shall be the same as those benefits specified in section 24-51-801 (1)(c) and calculated pursuant to the provisions of section 24-51-603 or 24-51-605.5 (2), whichever provides the greater benefit, as if the deceased member had ret…
Colo. Rev. Stat. § 24-51-911 Commencement of survivor benefits or single payment
4.1K chars
(1) When a single payment is payable pursuant to the provisions of this part 9, said payment shall be made when the full amount of moneys credited to the member contribution account of the member, the full amount of matching employer contributions, and the person to receive the b…
Colo. Rev. Stat. § 24-51-912 Termination of survivor benefits
2.6K chars
(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 …
Colo. Rev. Stat. § 24-51-913 Payment upon termination of survivor benefits
0.9K chars
(1) Upon termination of survivor benefits as specified in section 24-51-912 prior to the association's having paid survivor benefits equal to the total of the amount of moneys credited to the member contribution account of the member and matching employer contributions, any remai…
Colo. Rev. Stat. § 24-51-914 Reciprocal survivor benefits agreement. (Repealed)
0.3K chars
Source: L. 87: Entire article R&RE, p. 1071, � 1, effective July 1. L. 2009: Entire section repealed, (SB 09-282), ch. 288, p. 1346, � 39, effective January 1, 2010. Editor's note: This section was similar to former � 24-51-505 as it existed prior to 1987.
Colo. Rev. Stat. § 24-53-101 Definitions
3.2K chars
As used in this article, unless the context otherwise requires: (1) Department means the department of labor and employment created pursuant to the provisions of section 24-1-121. (2) Employee means a person performing service which constitutes employment, as defined in this sect…
Colo. Rev. Stat. § 24-53-102 Federal-state and interstate agreements
4.2K chars
(1) The department, with the approval of the governor, is authorized to enter on behalf of the state into an agreement with the secretary, consistent with the terms and provisions of this article, for the purpose of extending the benefits of the federal old-age, survivors', disab…
Colo. Rev. Stat. § 24-53-103 Employee contribution
1.4K chars
(1) Every employee of the political subdivision whose services are covered by an agreement entered into pursuant to the provisions of section 24-53-102 shall be required to pay for the period of such coverage into the contribution fund, established pursuant to the provisions of s…
Colo. Rev. Stat. § 24-53-104 Coverage of political subdivisions
5.1K chars
(1) Each political subdivision of the state is authorized to submit for approval by the department a plan for extending the benefits of Title II of the social security act, in conformity with applicable provisions of such act, to employees of such political subdivision. Each such…
Colo. Rev. Stat. § 24-53-105 Contribution fund
3.6K chars
(1) There is hereby established a special fund to be known as the Colorado social security contribution fund, of which the state treasurer shall be custodian. (2) (a) The department is authorized to administer said fund and to perform all acts necessary for such administration, w…
Colo. Rev. Stat. § 24-53-106 Rules and regulations
0.3K chars
The department shall make and publish such rules and regulations, not inconsistent with the provisions of this article, as it finds necessary or appropriate to the efficient administration of the functions with which it is charged under this article. Source: L. 87: Entire article…
Colo. Rev. Stat. § 24-53-107 Studies and reports
0.5K chars
The department may study the problem of old-age, survivors', disability, and health insurance protection for employees of local governments and their instrumentalities covered by this article and concerning the operation of agreements made and plans approved under this article. I…
Colo. Rev. Stat. § 24-53-108 Coverage groups - terms and conditions
4.9K chars
(1) Notwithstanding any limitations contained in section 24-53-101 (3)(e) and (5), any of the coverage groups participating in an existing retirement system on March 17, 1955, and described in subsection (2) of this section may, effective January 1, 1955, or any time thereafter, …
Colo. Rev. Stat. § 24-53-109 Coverage of agricultural inspectors
1.5K chars
(1) On and after January 1, 1955, the provisions of this article are extended to individuals employed pursuant to an agreement entered into pursuant to the provisions of section 205 of the Agricultural Marketing Act of 1946, 7 U.S.C. sec. 1624, or section 14 of the Perishable Agr…
Colo. Rev. Stat. § 24-53-110 Civil employees of National Guard
0.9K chars
Effective January 1, 1954, the provisions of this article are extended to civilian employees of the Colorado National Guard who are employed pursuant to the provisions of section 90 of the National Defense Act, now codified at 32 U.S.C. sec. 709, as amended, and paid from funds a…
Colo. Rev. Stat. § 24-53-111 Transfer of powers, duties, and obligations
0.3K chars
On and after March 26, 1984, all powers, duties, and obligations pursuant to this article which were undertaken prior to March 26, 1984, by the division of employment and training of the department shall be undertaken by the department. Source: L. 87: Entire article added, p. 108…
Colo. Rev. Stat. § 24-54-100.3 Definitions
5.0K chars
As used in this article 54, unless the context otherwise requires: (1) County means a county or a city and county, including any entity formed by such county or city and county. (2) Current employee means any person currently performing service that constitutes employment for any…
Colo. Rev. Stat. § 24-54-101 Authorization to establish and maintain retirement plan or system
2.2K chars
(1) Any county, municipality, or other political subdivision by itself or in conjunction with any other county, municipality, or political subdivision is hereby authorized to establish and maintain a general plan or system of retirement benefits for its elected or appointed offic…
Colo. Rev. Stat. § 24-54-101.5 Retirement plans or systems - exemption
0.2K chars
A retirement plan or system established pursuant to a provision of law other than this article may elect not to be covered under this article. Source: L. 2007: Entire section added, p. 396, � 1, effective August 3.
Colo. Rev. Stat. § 24-54-102 Type of plan or system
0.4K chars
Any plan or system adopted pursuant to the provisions of this article shall be based either on the purchase of an insured group plan of retirement annuities funded through a group carrier or on a noninsured trust retirement plan; or such plan or system may provide for participati…
Colo. Rev. Stat. § 24-54-103 Prior service benefits
0.6K chars
Employees of a county, municipality, political subdivision, or other participating entity that adopts a retirement plan or system may receive prior service benefits not to exceed five years to be funded entirely by the county, municipality, political subdivision, or other partici…
Colo. Rev. Stat. § 24-54-104 Funds for plan or system - additional contribution
3.4K chars
(1) Except as otherwise provided in this section, any plan or system adopted pursuant to this article 54 shall require participants to contribute a percentage of their salaries toward the cost thereof, such rate of contribution to be not less than three percent of the participant…
Colo. Rev. Stat. § 24-54-105 Insurer authorized to do business in state - county, municipal, or political subdivision charge
0.5K chars
(1) Any group annuity contract purchased pursuant to the provisions of this article shall be obtained from a life insurance company duly authorized to do an insurance and annuity business in this state, responsible and financially sound considering the extent and duration of cove…
Colo. Rev. Stat. § 24-54-106 Association shall be formed - withdrawal
7.2K chars
(1) Any county, or group of counties, any municipality or group of municipalities, any political subdivision or group of political subdivisions, or any other participating entity or group of participating entities adopting a retirement plan or system pursuant to the provisions of…
Colo. Rev. Stat. § 24-54-107 Boards of retirement
10.1K chars
(1) The management of the county retirement system shall be vested in a county board of retirement consisting of five members, one of whom shall be the county treasurer of the county in the system or from the county with the largest population if two or more counties are involved…
Colo. Rev. Stat. § 24-54-107.5 Boards of retirement - requirements - plans or systems comprised of one or more counties, one or more municipalities, and one or more political subdivisions
1.7K chars
(1) A person who has been adjudicated of violating any provision of this article or who has been convicted of a felony or any crime involving the misappropriation of funds shall not be elected or continue to serve as a member of a joint board of retirement created pursuant to sec…
Colo. Rev. Stat. § 24-54-108 Control and management of plan or system
2.4K chars
(1) The retirement board of any association formed pursuant to the provisions of section 24-54-106 shall have full and complete control and management of any retirement plan provided for and authorized by this article, other than matters relating to participation in the public em…
Colo. Rev. Stat. § 24-54-108.5 Control and management of individual county plan
4.0K chars
(1) The retirement board of any individual county retirement plan shall have full and complete control and management of any retirement plan provided for and authorized by this article, other than matters relating to participation in the public employees' retirement association. …
Colo. Rev. Stat. § 24-54-109 County, municipal, or political subdivision retirement fund - tax
1.7K chars
(1) Any county adopting a retirement plan as authorized by this article shall establish a county officials’ and employees’ retirement fund, which fund is hereby authorized. The board of county commissioners may levy a retirement fund tax, in addition to any other tax authorized b…
Colo. Rev. Stat. § 24-54-110 Exemption authorized - conditions
0.3K chars
Any municipality is authorized to exempt the city manager and key management staff who report directly to the city manager or directly to the city council from the provisions of this article. Source: L. 87: Entire article added, p. 1090, � 2, effective July 1; entire section amen…
Colo. Rev. Stat. § 24-54-111 Funds not subject to process
1.5K chars
Except for assignments for child support purposes as provided for in sections 14-10-118 (1) and 14-14-107, C.R.S., as they existed prior to July 1, 1996, for income assignments for child support purposes pursuant to section 14-14-111.5, C.R.S., for writs of garnishment that are t…
Colo. Rev. Stat. § 24-54-112 Investments
0.7K chars
(1) The retirement board shall have complete control and authority to invest the funds of the plan. (2) and (3) (Deleted by amendment, L. 2000, p. 752, � 1, effective August 2, 2000.) (4) Funds of the plan shall be managed and invested by the retirement board of such plan in acco…