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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) An inactive member who is subsequently reemployed shall participate in the plan in the manner prescribed by rules adopted by the board.
(2)(a) The board shall adopt rules regarding the treatment of a member who participates in the statewide retirement plan, incurs a bona fide separation from service, elects a retirement, and subsequently returns to work with an employer who participates in the statewide retirement plan in conformance with the federal “Internal Revenue Code of 1986”, as amended.
(b) Such rules must indicate:
(I) Whether the member continues to receive benefit distributions during the reemployment or whether the member's benefit distribution ceases during reemployment;
(II) Whether the member earns additional service credit as determined by the plan in which the subsequent employer participates or whether the member earns additional retirement benefits by participating in an alternate money purchase plan; and
(III) Whether the benefit distribution, if ceased during reemployment, resumes when the member subsequently separates from service.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 31. Government Municipal § 31-31.5-204. Reemployment - last updated January 01, 2025 | https://codes.findlaw.com/co/title-31-government-municipal/co-rev-st-sect-31-31-5-204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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