Colorado Code
Part 17 - Denver Public Schools Division
§ 24-51-1743. When Election Becomes Irrevocable

The election described in section 24-51-1742 shall become irrevocable upon the first payment thereunder of any benefits provided under sections 24-51-1736 to 24-51-1746 or under sections 24-51-1713 and 24-51-1714. If, subsequent to exercise of such election by the appropriate beneficiary or beneficiaries but prior to the first payment of benefits thereunder, such beneficiary or beneficiaries desire to revoke such earlier election, such person or persons shall be permitted to do so and shall thereupon be eligible to receive a refund paid under the terms and conditions set forth in section 24-51-1735, and such revoking beneficiary or beneficiaries shall thereafter have no rights to any benefits of any kind, incident to the death of such member, other than said refund. If the election has been made to receive benefits hereunder and there is only one beneficiary and such beneficiary shall die before any payment of such benefits is made, a refund of such deceased member's accumulated contributions, computed as of the date of death, shall be made to the estate of such deceased beneficiary. If there shall be more than one beneficiary but all of them shall have died before any payment of such benefits is made, such refund shall be made to the estate of the last survivor of said several beneficiaries.
Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1383, § 56, effective January 1, 2010.

Structure Colorado Code

Colorado Code

Title 24 - Government - State

Article 51 - Public Employees' Retirement Association

Part 17 - Denver Public Schools Division

§ 24-51-1701. Legislative Declaration

§ 24-51-1702. Definitions

§ 24-51-1703. Denver Public Schools Division - Consolidation

§ 24-51-1704. Service Credit

§ 24-51-1705. Purchase of Service Credit Relating to a Refunded Member Contribution Account and Noncovered Employment

§ 24-51-1706. Accreditation of Casual Employment and Qualifiable Leave

§ 24-51-1707. Affiliate Membership

§ 24-51-1708. Unclaimed Moneys

§ 24-51-1709. Arrearages

§ 24-51-1710. Earned Service

§ 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

§ 24-51-1715. Benefits

§ 24-51-1716. Optional Forms of Allowance

§ 24-51-1717. Option A

§ 24-51-1718. Option B

§ 24-51-1719. Option C

§ 24-51-1720. Option D

§ 24-51-1721. Option E

§ 24-51-1722. Additional Optional Forms of Allowance Beginning December 31, 2004

§ 24-51-1723. Option P2

§ 24-51-1724. Option P3

§ 24-51-1725. Determination of Option P2 or P3 Benefits

§ 24-51-1726. Minimum Benefits - Contributing Members and Affiliate Members

§ 24-51-1726.5. Contributions for a Retiree Who Returns to Membership - Benefit Calculation Upon Subsequent Retirement - Survivor Benefit Rights

§ 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

§ 24-51-1732. Benefit Increases - Annual Retirement Allowance Adjustment - Contributing Members - Affiliate Members - Deferred Members - Survivors (2001 and 2005)

§ 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

§ 24-51-1744. Fund Transfer

§ 24-51-1745. Payment in Good Faith

§ 24-51-1746. Waive Appointment of Guardian

§ 24-51-1747. Portability Between the Denver Public Schools Division and the Other Four Divisions Within the Association - Definitions

§ 24-51-1748. Staff Members of the Denver Public Schools Retirement System