Employees of a county, municipality, political subdivision, or other participating entity that adopts a retirement plan or system may receive prior service benefits not to exceed five years to be funded entirely by the county, municipality, political subdivision, or other participating entity; but prior service benefits in excess of five years may be allowed if funded entirely by the employee.
Source: L. 87: Entire article added, p. 1087, § 2, effective July 1. L. 97: Entire section amended, p. 156, § 5, effective March 28. L. 2005: Entire section amended, p. 359, § 2, effective April 22.
Structure Colorado Code
§ 24-54-101. Authorization to Establish and Maintain Retirement Plan or System - Definitions
§ 24-54-101.5. Retirement Plans or Systems - Exemption
§ 24-54-102. Type of Plan or System
§ 24-54-103. Prior Service Benefits
§ 24-54-104. Funds for Plan or System - Additional Contribution
§ 24-54-106. Association Shall Be Formed - Withdrawal
§ 24-54-107. Boards of Retirement
§ 24-54-108. Control and Management of Plan or System
§ 24-54-108.5. Control and Management of Individual County Plan
§ 24-54-109. County, Municipal, or Political Subdivision Retirement Fund - Tax
§ 24-54-110. Exemption Authorized - Conditions
§ 24-54-111. Funds Not Subject to Process
§ 24-54-117. Notice of Possible Change in Benefits - Ensuring Sustainability