Colorado Revised Statutes Title 24. Government State § 24-51-910. Option 3 benefits

The option 3 benefits provided for in this part 9 shall be the same as those benefits specified in section 24-51-801(1)(c) and calculated pursuant to the provisions of section 24-51-603 or 24-51-605.5(2), whichever provides the greater benefit, as if the deceased member had retired on the day of death; but in no case shall the option 3 benefits be less than twenty-five percent of the deceased member's highest average salary if the deceased member had at least ten years of service credit.