Colorado Revised Statutes Title 31. Government Municipal § 31-31.5-408. Late retirement

(1) Any member retiring and eligible for a normal or vested retirement benefit may elect to defer receipt of the pension until attaining age sixty-five years, but no later. In the case of such an election, the late retirement pension is the actuarial equivalent of the normal retirement pension as determined by the board.

(2) The board may promulgate rules to allow members who are eligible to receive any type of retirement benefits to defer receipt of the benefits to the extent permitted under the federal “Internal Revenue Code of 1986” as amended, and the regulations promulgated pursuant to section 401(a)(9) of said code.