Colorado § 24-51-502 - Purchased service credit.
Full text of Colorado Colorado Revised Statutes § 24-51-502 — Purchased service credit., with citation guidance and answers to common questions.
§ 24-51-502. Purchased service credit.
(1) A member may qualify earlier for service retirement, reduced service retirement, or increased benefits through the purchase of additional service credit.
(2) Service credit purchases are limited to those specified in this part 5.
(3) Service credit purchased pursuant to this part 5 by members who were members, inactive members, or retirees on December 31, 2006, shall be subject to the benefit provisions in effect for the existing member contribution account. Service credit purchased pursuant to this part 5 by members who were not members, inactive members, or retirees on December 31, 2006, shall be subject to the benefit provisions in effect for such member at the time of the initiation of payment of the purchase.
Source: L. 87: Entire article R&RE, p. 1057, § 1, effective July 1. L. 2006: (3) added, p. 1181, § 10, effective May 25.
Editor's note: This section is similar to former §§ 24-51-1202 and 24-51-1203 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-51-502
What does Colorado Revised Statutes § 24-51-502 cover?
Section 24-51-502 ("Purchased service credit.") 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 § 24-51-502?
A common citation format is "Colorado Revised Statutes § 24-51-502" (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 § 24-51-502 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.