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Section 24-51-607 - Benefit formula for service retirement or reduced service retirement involving direct payments — Colorado Law | CourtGPT
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  8. Section 24-51-607 - Benefit formula for service retirement or reduced service retirement involving direct payments
Colorado Legal Code
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 amount of the benefit shall then be multiplied by the ratio of service credit to the service credit required for eligibility as set forth in table B in section 24-51-602 or table C in section 24-51-604, whichever is applicable.L. 87: Entire article R&RE, p. 1062, § 1, effective July 1. L. 88: Entire section amended, p. 970, § 5, effective July 1.This section is similar to former §§ 24-51-109 and 24-51-611 as they existed prior to 1987. For retirement of supreme court justices, other than under this article, see § 13-2-115; for retirement age for justices or judges, see § 23 of art. VI, Colo. Const.

Section 24-51-607 - Benefit formula for service retirement or reduced service retirement involving direct payments

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