(3.5) In any dissolution of marriage action in any district court of the state, the court shall have the jurisdiction to order or allow a retiree who is a petitioner or respondent in such action to change the cobeneficiary that was named by such retiree at retirement.
(3.8) In any dissolution of marriage action in any district court of the state that becomes final on or after July 1, 2003, in which the retiree retired on or after July 1, 1988, and elected to receive an option 2 or 3 benefit and designated his or her spouse as cobeneficiary, the court shall have the jurisdiction to order or allow a retiree who is a petitioner or respondent in such action to remove the spouse that was named cobeneficiary by the retiree at retirement, in which case an option 1 benefit shall become payable. The retiree may elect option 2 or 3 upon remarriage and designate the spouse as cobeneficiary.
Source: L. 87: Entire article R&RE, p. 1066, § 1, effective July 1. L. 88: (1) amended, (3) R&RE, and (4) added, p. 960, §§ 8, 9, effective July 1. L. 90: (1) amended, p. 1249, § 8, effective April 5. L. 92: (3.5) added, p. 1140, § 16, effective May 1. L. 2003: (3.8) added, p. 2610, § 8, effective July 1. L. 2010: (2) amended, (SB 10-001), ch. 2, p. 17, § 17, effective January 1, 2011. L. 2015: (5) added, (SB 15-097), ch. 111, p. 326, § 4, effective April 16.
Editor's note: (1) This section is similar to former §§ 24-51-112, 24-51-125, 24-51-212, and 24-51-608 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
(2) Although section 19 of chapter 175, Session Laws of Colorado 1992, provided that section 16 of said chapter amending this section was to take effect May 1, 1992, the governor did not approve the act until May 19, 1992.
Cross references: For the legislative declaration in SB 15-097, see section 1 of chapter 111, Session Laws of Colorado 2015.