Colorado § 38-13-216 - Money held by the public employees' retirement association - definitions.
Full text of Colorado Colorado Revised Statutes § 38-13-216 — Money held by the public employees' retirement association - definitions., with citation guidance and answers to common questions.
§ 38-13-216. Money held by the public employees' retirement association - definitions.
(1) For purposes of this section, unless the context otherwise requires:
(a) "Account left inactive" means the contributions of any nonvested member who has terminated employment with an employer if the member's member contribution account with the association has been left inactive.
(b) "Association" means the public employees' retirement association created pursuant to section 24-51-201.
(c) "Benefit" has the same meaning as set forth in section 24-51-101 (7).
(d) "Benefit recipient" has the same meaning as set forth in section 24-51-101 (8).
(e) "Employer" has the same meaning as set forth in section 24-51-101 (20).
(f) "Member" has the same meaning as set forth in section 24-51-101 (29).
(g) "Unclaimed benefit" means a benefit owed to any benefit recipient if the benefit remains unpaid.
(h) "Unclaimed member refund" means the contributions of a member who has terminated employment with an employer and who has requested a refund of the contributions if the refund remains unpaid.
(2) Any money and any accrued interest held by the association for accounts left inactive, unclaimed benefits, or unclaimed member refunds are presumed abandoned if the money, benefit, or refund remains unclaimed for more than five years after the money, benefit, or refund becomes payable or distributable pursuant to article 51 of title 24 unless the owner of the money, within five years, has:
(a) Communicated in writing with the association concerning the money; or
(b) Otherwise indicated an interest in the money as evidenced by a memorandum or other record on file prepared by an employee of the association.
(3) Property that is presumed abandoned pursuant to this section is the only property held by the association that is subject to this article 13.
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 423, § 1, effective July 1, 2020.
Editor's note: This section is similar to former § 38-13-108.5 as it existed prior to 2020.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-13-216
What does Colorado Revised Statutes § 38-13-216 cover?
Section 38-13-216 ("Money held by the public employees' retirement association - definitions.") 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 § 38-13-216?
A common citation format is "Colorado Revised Statutes § 38-13-216" (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 § 38-13-216 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.