Disbursements from the trust funds authorized in section 24-51-208 shall be subject to the approval of the board and shall be made only for the benefits, health-care subsidies, investments, refunds, single payments, payments of remaining member contributions pursuant to the provisions of section 24-51-801, payments pursuant to the provisions of part 17 of this article, and expenses of the association.
Source: L. 87: Entire article R&RE, p. 1051, § 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1336, § 9, effective January 1, 2010.
Editor's note: This section is similar to former §§ 24-51-106 and 24-51-1411 as they existed prior to 1987.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-201. Public Employees' Retirement Association - Creation
§ 24-51-202. Board of Trustees - Creation
§ 24-51-203. Board - Composition and Election
§ 24-51-204. Duties of the Board
§ 24-51-205. General Authority of the Board
§ 24-51-207. Standard of Conduct
§ 24-51-208. Allocation of Moneys
§ 24-51-210. Allocation of Assets and Liabilities
§ 24-51-211. Amortization of Liabilities
§ 24-51-211.5. Notice of Possible Change in Benefits - Actuarial Necessity
§ 24-51-212. Funds Not Subject to Legal Process
§ 24-51-214. Benefits Not Offset by Workers' Compensation Benefits
§ 24-51-215. Insurance and Banking Laws Not Applicable
§ 24-51-220. Report to General Assembly
§ 24-51-221. Information Provided to Employer - Salary Definition