Colorado § 24-51-605.5 - Benefit calculation for money purchase retirement benefit.
Full text of Colorado Colorado Revised Statutes § 24-51-605.5 — Benefit calculation for money purchase retirement benefit., with citation guidance and answers to common questions.
§ 24-51-605.5. Benefit calculation for money purchase retirement benefit.
(1) Members and vested inactive members who have met the age and service credit requirements for eligibility for a service retirement benefit or a reduced service retirement benefit shall, upon written application and approval of the board, receive the greater of:
(a) The retirement benefit calculated pursuant to section 24-51-603 or 24-51-605 for which the member is eligible; or
(b) The money purchase retirement benefit.
(2) The money purchase retirement benefit referred to in paragraph (b) of subsection (1) of this section shall be actuarially determined and shall be based upon the value on the effective date of retirement of the member contribution account and matching employer contributions. The benefit shall be considered a service retirement benefit for all purposes of this article.
Source: L. 95: Entire section added, p. 555, § 8, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-51-605.5
What does Colorado Revised Statutes § 24-51-605.5 cover?
Section 24-51-605.5 ("Benefit calculation for money purchase retirement benefit.") 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 § 24-51-605.5?
A common citation format is "Colorado Revised Statutes § 24-51-605.5" (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 § 24-51-605.5 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.