The provisions of section 24-51-503 which relate to the purchase of service credit forfeited by the refund of member contributions shall not apply to the members who are employees of an employer which has terminated its affiliation with the association. Such service credit forfeited by such termination of affiliation may be purchased pursuant to the provisions of section 24-51-505.
Source: L. 88: Entire section added, p. 967, § 1, effective April 28.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-301. Required Membership
§ 24-51-303. Members of the General Assembly
§ 24-51-305. District Attorneys
§ 24-51-305.5. Employees of District Attorneys
§ 24-51-307. Elected Municipal Officials
§ 24-51-308. City Managers and Key Management Staff
§ 24-51-309. Affiliation by Public Entities
§ 24-51-310. Persons Not Eligible for Membership
§ 24-51-311. Continuation of Membership
§ 24-51-312. Payment of Contributions
§ 24-51-314. Termination of Affiliation - Rights of Benefit Recipients and Inactive Members
§ 24-51-315. Termination of Affiliation - Reserves Requirement
§ 24-51-316. Inadequate Reserves - Excess Reserves - Nonpayment
§ 24-51-317. Termination of Affiliation - Member Contributions
§ 24-51-318. Purchase of Forfeited Service Credit
§ 24-51-319. Retirement Plan - Creation and Use
§ 24-51-320. Reaffiliation of a Public Entity
§ 24-51-321. No State Liability - Political Subdivision Pension Plans