(1.5) For the years 2018 and 2019, the annual increase awarded shall be zero percent.
(4.5) For the year 2010, the association shall use the average of the annual increases determined for each month, to the nearest one-tenth of a percent, as calculated by the United States department of labor, in the national consumer price index for urban wage earners and clerical workers for each of the months in the 2009 calendar year.
Source: L. 2006: Entire section added, p. 1186, § 21, effective May 25. L. 2010: IP(4), (4)(a), and (4)(b) amended and (4.5) added, (SB 10-001), ch. 2, p. 22, § 21, effective February 23; (3)(a) amended, (SB 10-146), ch. 65, p. 229, § 2, effective March 31. L. 2016: (3)(b) amended, (SB 16-189), ch. 210, p. 768, § 54, effective June 6. L. 2018: (1.5) added and IP(4) and (4)(a) amended, (SB 18-200), ch. 370, p. 2256, § 19, effective June 4.
Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
Part 10 - Increases in Benefits
§ 24-51-1001. Types of Benefit Increases
§ 24-51-1002. Annual Percentages to Be Used
§ 24-51-1003. Annual Increases in the Base Benefit
§ 24-51-1009. Annual Increase Reserve - Creation
§ 24-51-1009.5. Annual Increase Amount Changes
§ 24-51-1010. Increase in Benefits - Actuarial Assessment Required