Colo. Rev. Stat. § 24-51-406

Current through 11/5/2024 election

Section 24-51-406 - Payments from the judicial division

Any member of the judicial division who was a member of that division on or before July 1, 1973, and who retires from the judicial division with more than sixteen years of service credit may elect prior to retirement to receive, within ninety days following the effective date of retirement, a payment of the member contributions and interest together with matching employer contributions, calculated pursuant to the provisions of section 24-51-408 (1), that are associated with the service credit earned during the seventeenth through the twentieth years. This payment shall negate the service credit earned during those years.

C.R.S. § 24-51-406

L. 87: Entire article R&RE, p. 1056, § 1, effective July 1. L. 88: Entire section amended, p. 969, § 1, effective April 14. L. 95: Entire section amended, p. 553, § 3, effective July 1.

This section is similar to former § 24-51-607 as it existed prior to 1987.