Colorado § 24-51-1719 - Option C.
Full text of Colorado Colorado Revised Statutes § 24-51-1719 — Option C., with citation guidance and answers to common questions.
§ 24-51-1719. Option C.
(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 contrary, an annuitant may change the co-annuitant that was named by such annuitant and designate a supplemental needs trust as a co-annuitant in place of the previously named co-annuitant if:
(a) The beneficiary of the supplemental needs trust is the same person as the previously named co-annuitant; and
(b) The retiree files an application and any required documents in a form as designated by the association.
(3) If a supplemental needs trust is not established before or within ninety days after the death of the annuitant, is determined to be invalid, or is terminated on or after the death of the annuitant, the beneficiary that was named in the trust is the co-annuitant.
Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1370, § 56, effective January 1, 2010. L. 2015: Entire section amended, (SB 15-097), ch. 111, p. 328, § 10, effective April 16.
Cross references: For the legislative declaration in SB 15-097, see section 1 of chapter 111, Session Laws of Colorado 2015.
Frequently Asked Questions About Colorado § 24-51-1719
What does Colorado Revised Statutes § 24-51-1719 cover?
Section 24-51-1719 ("Option C.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-51-1719?
A common citation format is "Colorado Revised Statutes § 24-51-1719" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-51-1719 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.