In addition to the options provided in sections 24-51-1717 and 24-51-1721, any contributing member or affiliate member whose effective date of retirement is on or after December 31, 2004, may elect to receive a superannuation retirement allowance in accordance with any of the options provided in sections 24-51-1723 and 24-51-1724. Option A shall be deemed a basic option under this section, and the amount of the annual retirement allowance payable thereunder, as determined under the provisions of section 24-51-1715, shall be the amount that shall be duly adjusted in computing payments to be made under options P2 and P3. Prior to application for retirement, any such election may be changed or revoked, but when a member files application for retirement and elects an option, such option may not thereafter be changed or revoked except as provided in this part 17.
Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1370, § 56, effective January 1, 2010.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
Part 17 - Denver Public Schools Division
§ 24-51-1701. Legislative Declaration
§ 24-51-1703. Denver Public Schools Division - Consolidation
§ 24-51-1706. Accreditation of Casual Employment and Qualifiable Leave
§ 24-51-1707. Affiliate Membership
§ 24-51-1708. Unclaimed Moneys
§ 24-51-1711. Contributions - Refunds
§ 24-51-1712. Application for Retirement Benefits
§ 24-51-1713. Eligibility - Retirements Without Actuarial Reduction
§ 24-51-1714. Eligibility - Retirements Requiring Actuarial Reduction
§ 24-51-1716. Optional Forms of Allowance
§ 24-51-1722. Additional Optional Forms of Allowance Beginning December 31, 2004
§ 24-51-1725. Determination of Option P2 or P3 Benefits
§ 24-51-1726. Minimum Benefits - Contributing Members and Affiliate Members
§ 24-51-1727. Eligibility for Deferred Members
§ 24-51-1728. Accredited Service - Deferred Members
§ 24-51-1729. Benefits - Deferred Members
§ 24-51-1730. Deferred Member Death
§ 24-51-1731. Benefits for Deferred Members Determined Upon Date of Termination
§ 24-51-1733. Domestic Relations Order
§ 24-51-1734. Disability Retirement
§ 24-51-1735. Survivor Benefits - Refund
§ 24-51-1736. Eligibility for Survivor Benefits
§ 24-51-1737. Eligible Beneficiaries
§ 24-51-1738. Survivors of Members Who Died Between 1974 and 1984
§ 24-51-1739. Survivors of Members Who Died Between 1984 and 1988
§ 24-51-1740. Survivors of Members Who Die in 1988 or Later
§ 24-51-1741. Effective Date of Survivor Benefits
§ 24-51-1742. Election by Designated Beneficiary
§ 24-51-1743. When Election Becomes Irrevocable
§ 24-51-1745. Payment in Good Faith
§ 24-51-1746. Waive Appointment of Guardian
§ 24-51-1748. Staff Members of the Denver Public Schools Retirement System