Notwithstanding any other provision of this article, effective January 1, 1993, a terminated member, a surviving spouse, or a named beneficiary may elect to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan in a direct rollover in accordance with section 401 (a)(31) of the federal "Internal Revenue Code of 1986", as amended.
Source: L. 2002: Entire section added, p. 139, § 4, effective March 27. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1340, § 20, effective May 21.
Structure Colorado Code
Article 51 - Public Employees' Retirement Association
§ 24-51-401. Employer and Member Contributions
§ 24-51-402. Unpaid Contributions for Any Member - Legislative Declaration
§ 24-51-403. Contributions Assumed and Paid by the Employer
§ 24-51-404. Combining Member Contributions
§ 24-51-405. Refund of the Member Contribution Account
§ 24-51-405.5. Direct Rollovers
§ 24-51-406. Payments From the Judicial Division
§ 24-51-408. Matching Employer Contributions
§ 24-51-409. Refund of Erroneous Member Contribution
§ 24-51-410. Anticipation of Forfeitures in Determining Plan Cost
§ 24-51-411. Amortization Equalization Disbursement
§ 24-51-413. Contribution and Annual Increase Amount Changes - Definitions
§ 24-51-414. Direct Distribution