Colo. Rev. Stat. § 24-51-1705

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 24-51-1705 - Purchase of service credit relating to a refunded member contribution account and noncovered employment

Purchases related to reemployment and noncovered employment for which payments are not complete prior to January 1, 2010, shall be governed by the DPS plan document. On January 1, 2010, service credit shall be credited to the member accounts to the extent of payments received, a new service credit purchase agreement shall be issued by the association using the previously existing lump-sum or installment payment amount, and future payments and service accruals shall be governed by part 5.

C.R.S. § 24-51-1705

L. 2009: Entire part added, (SB 09 -282), ch. 288, p. 1364, § 56, effective 1/1/2010.