Colorado § 31-31.5-405 - Hybrid component benefits.
Full text of Colorado Colorado Revised Statutes § 31-31.5-405 — Hybrid component benefits., with citation guidance and answers to common questions.
§ 31-31.5-405. Hybrid component benefits.
(1) In calculating the normal retirement pension for a member who has years of service credit in the hybrid component, the benefit shall be:
(a) A multiplier, which the board shall establish by adjusting the funding status of the predecessor statewide hybrid plan to equal the funding status of the predecessor statewide defined benefit plan using valuations as of December 31, 2021, and based on the recommendations made by the plan's actuary, multiplied by the years of service credit earned or purchased in the statewide hybrid plan prior to January 1, 2023, multiplied by the average of the member's highest three years' base salary; plus
(b) One and one-half percent multiplied by the years of service credit earned or purchased in the hybrid component on or after January 1, 2023, multiplied by the average of the member's highest three years' base salary.
Source: L. 2022: Entire article added, (HB 22-1034), ch. 61, p. 291, § 1, effective August 10.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-31.5-405
What does Colorado Revised Statutes § 31-31.5-405 cover?
Section 31-31.5-405 ("Hybrid component 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 § 31-31.5-405?
A common citation format is "Colorado Revised Statutes § 31-31.5-405" (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 § 31-31.5-405 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.