Section 24-51-604 - Reduced service retirement eligibility(1) DPS members with less than five years of service credit as of January 1, 2011, and members who were members, inactive members, or retirees on December 31, 2019, and who have met the age and service credit requirements stated in the following table and who do not meet the requirements of section 24-51-602 shall, upon written application and approval of the board, receive reduced service retirement benefits pursuant to the benefit formula set forth in section 24-51-605: TABLE C
REDUCED SERVICE RETIREMENT ELIGIBILITY
Age Requirement (years) | Service Credit Requirement (years) |
50 | 25 |
50 | State Troopers only | 20 |
55 | 20 |
60 | 5 |
(2) Members who were not members, inactive members, or retirees on December 31, 2019, who have met the age and service credit requirements stated in the following table and who do not meet the requirements of section 24-51-602 shall, upon written application and approval of the board, receive reduced service retirement benefits pursuant to the benefit formula set forth in section 24-51-605: TABLE C.1
REDUCED SERVICE RETIREMENT ELIGIBILITY
Age Requirement (years) | Service Credit Requirement (years) |
55 | 25 |
55 | State Troopers only | 20 |
60 | 5 |
Amended by 2018 Ch. 370, § 15, eff. 6/4/2018.L. 87: Entire article R&RE, p. 1060, § 1, effective July 1. L. 93: Entire section amended, p. 476, § 1, effective July 1. L. 2010: IP amended, (SB 10 -001), ch. 2, p. 15, § 14, effective 1/1/2011. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2249, § 15, effective June 4.The provisions of this section are similar to provisions of several former sections as they existed prior to 1987.
For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.