Colorado § 24-51-803 - Determination of option 2 or 3 benefits.
Full text of Colorado Colorado Revised Statutes § 24-51-803 — Determination of option 2 or 3 benefits., with citation guidance and answers to common questions.
§ 24-51-803. Determination of option 2 or 3 benefits.
(1) For service retirement, the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the date the retiree attained the age and service requirements for service retirement regardless of the effective date of such retirement.
(2) For reduced service retirement and disability retirement, the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the effective date of retirement.
(3) When a retiree designates a spouse as a cobeneficiary subsequent to retirement pursuant to the provisions of section 24-51-802 (3), the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the date of designation.
(4) When a retiree designates a cobeneficiary subsequent to retirement pursuant to the provisions of section 24-51-802 (3.5), the calculation of benefits payable pursuant to option 2 or 3, as set forth in section 24-51-801, shall be actuarially determined as of the date of designation.
Source: L. 87: Entire article R&RE, p. 1066, § 1, effective July 1. L. 88: Entire section amended, p. 961, § 10, effective July 1. L. 92: (4) added, p. 1141, § 17, effective May 1. L. 2006: (1) amended, p. 1184, § 18, effective May 25.
Editor's note: (1) This section is similar to former §§ 24-51-112, 24-51-212, and 24-51-608 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
(2) Although section 19 of chapter 175, Session Laws of Colorado 1992, provided that section 17 of said chapter amending this section was to take effect May 1, 1992, the governor did not approve the act until May 19, 1992.
PART 9
SURVIVOR BENEFITS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-51-803
What does Colorado Revised Statutes § 24-51-803 cover?
Section 24-51-803 ("Determination of option 2 or 3 benefits.") 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 § 24-51-803?
A common citation format is "Colorado Revised Statutes § 24-51-803" (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 § 24-51-803 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.