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Section 24-51-1003 - Annual increases in the base benefit — Colorado Law | CourtGPT
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  8. Section 24-51-1003 - Annual increases in the base benefit
Colorado Legal Code

Section 24-51-1003 - Annual increases in the base benefit

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The percentage recalculated pursuant to the provisions of section 24-51-1002 shall be multiplied by the base benefit or retirement allowance as defined in section 24-51-1702 (34), whichever is applicable, to determine the increased benefit. In no case shall the benefit paid be less than the base benefit or retirement allowance, whichever is applicable.L. 87: Entire article R&RE, p. 1071, § 1, effective July 1. L. 93: Entire section amended, p. 479, § 8, effective 3/1/1994. L. 2006: Entire section amended, p. 1502, § 42, effective June 1. L. 2010: Entire section amended, (SB 10 -001), ch. 2, p. 21, § 21, effective February 23.This section is similar to former §§ 24-51-135, 24-51-225, and 24-51-614 as they existed prior to 1987.