reglab/housing_qa huggingface dataset:
CO Code § 24-51-501 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-501. Earned Service Credit

  Service credit is earned for periods of employment with an employer during which salary is received by such employee and contributions are made to the association pursuant to the provisions of section 24-51-401 (1.7). No service credit shall be earned in connection with the payment of working retiree contributions.    One year of service credit is earned for twelve calendar months of employment, for which contributions to the association are made, in which a member in each month earns salary greater than or equal to eighty times the federal minimum wage hourly rate in effect at the time of service. A member who is employed in a position in which the employment pattern covers a period of at least eight months but less than twelve months per year shall earn one year of service credit if at least eight months of service credit are earned during the months in which the member is employed during the year.    Earned service credit for periods of employment which do not meet the requirements described in subsection (2) of this section shall be determined by the ratio of actual salary received to eighty times the federal minimum wage hourly rate in effect at the time of service and the ratio of the number of months for which contributions are remitted to the number of months required for one year of service credit.    Earned service credit shall be recorded on an annual basis.    Earned service credit shall not extend beyond the date of death of a member.    Service credit of DPS members prior to or on December 31, 2009, shall be governed by section 24-51-1710. Beginning January 1, 2010, DPS members shall earn service credit pursuant to this section and shall purchase service credit relating to a refunded member contribution account and noncovered employment pursuant to this part 5; except that purchases by DPS members that are ongoing as of January 1, 2010, shall be governed by section 24-51-1705.     Source: L. 87: Entire article R&RE, p. 1057, § 1, effective July 1. L. 95: (1) amended, p. 1105, § 42, effective May 31; (2) to (4) amended, p. 263, § 3, effective July 1. L. 2009: (6) added, (SB 09-282), ch. 288, p. 1344 § 26, effective January 1, 2010. L. 2010: (1) amended, (SB 10-001), ch. 2, p. 11, § 10, effective January 1, 2011.   Editor's note: This section is similar to former §§ 24-51-101, 24-51-200.5, and 24-51-215 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-502 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-502. Purchased Service Credit

  A member may qualify earlier for service retirement, reduced service retirement, or increased benefits through the purchase of additional service credit.    Service credit purchases are limited to those specified in this part 5.    Service credit purchased pursuant to this part 5 by members who were members, inactive members, or retirees on December 31, 2006, shall be subject to the benefit provisions in effect for the existing member contribution account. Service credit purchased pursuant to this part 5 by members who were not members, inactive members, or retirees on December 31, 2006, shall be subject to the benefit provisions in effect for such member at the time of the initiation of payment of the purchase.     Source: L. 87: Entire article R&RE, p. 1057, § 1, effective July 1. L. 2006: (3) added, p. 1181, § 10, effective May 25.   Editor's note: This section is similar to former §§ 24-51-1202 and 24-51-1203 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-503 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-503. Purchase of Service Credit Relating to a Refunded Member Contribution Account

  Except as otherwise provided in section 24-51-318, the service credit forfeited with a refund pursuant to the provisions of section 24-51-405 may be purchased upon the former member's resumption of membership and after completion of one year of earned service credit by such member.    For members who were members, inactive members, or retirees on December 31, 2006, and for DPS members, the cost to purchase the forfeited service credit shall be the amount refunded plus interest accrued from the date of refund to completion of purchase.    Repealed.    For members who were not members, inactive members, or retirees on December 31, 2006, the cost to purchase the forfeited service credit shall be the amount refunded, plus interest accrued from the date of refund to completion of purchase, plus an amount equal to one percent of the member's highest average salary for each month or partial month of service credit to be purchased. The highest average salary shall be calculated either based on the salary currently reflected in the member account or by assuming the member's account has been credited with the service credit and salary associated with the forfeited service credit which is the subject of the purchase, whichever is higher. The one percent of highest average salary for each month or partial month of service credit purchased shall be allocated to the annual increase reserve pursuant to part 10 of this article. This subsection (4) shall not apply to DPS members.     Source: L. 87: Entire article R&RE, p. 1057, § 1, effective July 1. L. 88: (1) amended, p. 968, § 3, effective April 28. L. 95: (1) amended, p. 554, § 5, effective July 1; (3) repealed, p. 263, § 4, effective July 1. L. 2006: (2) amended and (4) added, p. 1181, § 11, effective May 25. L. 2009: (2) and (4) amended, (SB 09-282), ch. 288, p. 1344, § 27, effective January 1, 2010.   Editor's note: This section is similar to former § 24-51-110 as it existed prior to 1987.
CO Code § 24-51-504 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-504. Purchase of Service Credit Relating to a Paid Sabbatical Leave

  The portion of service credit not earned during a paid sabbatical leave granted after July 1, 1966, may be purchased if the member makes member contributions on the difference between the partial salary paid and the salary which would have been paid if the paid sabbatical leave had not been taken.    Such member contributions made pursuant to the provisions of subsection (1) of this section may be made concurrently with member contributions on the partial salary paid for such sabbatical leave or after the sabbatical leave has ended at the applicable rate of member contributions pursuant to section 24-51-401 (1.7), plus interest from the date the sabbatical leave began until such purchase is complete.     Source: L. 87: Entire article R&RE, p. 1057, § 1, effective July 1. L. 2018: (2) amended, (SB 18-200), ch. 370, p. 2247, § 13, effective June 4.   Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.
CO Code § 24-51-506 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-506. Payments for Purchased Service Credit

  Service credit purchases may be made by a lump-sum payment, by installment payments, by a trustee-to-trustee transfer or a direct rollover of an eligible rollover distribution from a plan described in section 402 (c)(8)(B)(iii) to (vi) of the federal "Internal Revenue Code of 1986", as amended, including but not limited to the voluntary investment program established pursuant to part 14 of this article and the deferred compensation plan established pursuant to part 16 of this article, or by a rollover of a distribution from an individual retirement account or annuity described in section 408 (a) or 408 (b) of such code that is eligible to be rolled over and would otherwise be included in gross income. Service credit purchases shall be initiated and payment received in full during membership.    Installment payments for service credit purchases are subject to the following provisions:   Repealed.    The first installment payment shall be paid to the association on the date required by the service credit purchase agreement, and all subsequent payments are due on the tenth calendar day of each month thereafter. Failure to make timely installment payments shall cause the service credit purchase agreement to be cancelled, and all payments received will be returned to the member.    Purchased service credit shall be credited to the member upon completion of all installment payments due.       Installment payments and interest shall be credited to the member contribution account. After installment payments are completed, they may not be withdrawn except with a refund pursuant to the provisions of section 24-51-405.    Upon the death of a member prior to completion of the service credit purchase, any installment payments made up to the date of death shall be refunded to the person eligible to receive survivor benefits, or a single payment shall be made to such person.    Any moneys a member pays for the purchase of service credit shall qualify for income tax deferral to the extent allowed by federal law.     Source: L. 87: Entire article R&RE, p. 1058, § 1, effective July 1. L. 89: (5) amended, p. 1073, § 3, effective April 19. L. 92: (1) amended, p. 1108, § 2, effective May 14. L. 95: (2)(a) repealed, p. 264, § 6, effective July 1; (3) amended, p. 554, § 6, effective July 1. L. 97: (1) amended, p. 65, § 8, effective July 1. L. 2002: (1) amended, p. 138, § 2, effective March 27. L. 2009: (1) amended, (SB 09-066), ch. 73, p. 256, § 18, effective March 31.   Editor's note: This section is similar to former §§ 24-51-1202 and 24-51-1203 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-507 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-507. Uniformed Service Credit

  A member shall be granted additional service credit for uniformed service, as defined for reemployment right purposes under federal law, if:   Such member had membership in the association at the time the uniformed service began;    Such member was discharged from uniformed service and returned from the leave of absence for uniformed service to membership;    The period of uniformed service is verified and is not already covered by association service credit upon return from uniformed service to membership; and    All service credit forfeited by a refund pursuant to the provisions of section 24-51-405 is purchased.       Uniformed service credit shall be limited to a maximum of five years.    Death or any disability arising from uniformed service shall be excluded as a basis for disability retirement benefits or survivor benefits pursuant to the plan.    The provisions of this section shall not apply to DPS members.     Source: L. 87: Entire article R&RE, p. 1059, § 1, effective July 1. L. 95: Entire section amended, p. 264, § 7, effective July 1. L. 2009: (4) added, (SB 09-282), ch. 288, p. 1344, § 28, effective January 1, 2010.   Editor's note: This section is similar to former §§ 24-51-113, 24-51-124, and 24-51-216 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-508 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-508. Leave of Absence for Uniformed Service

 An employee who is on a leave of absence for uniformed service at the time his or her employer becomes affiliated with the association shall be entitled to service credit as provided for in section 24-51-507 upon becoming a member after returning to such employment.   Source: L. 87: Entire article R&RE, p. 1059, § 1, effective July 1. L. 95: Entire section amended, p. 265, § 8, effective July 1.   Editor's note: This section is similar to former § 24-51-216 as it existed prior to 1987.
CO Code § 24-51-509 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 5 - Service Credit|§ 24-51-509. Combining Service Credit

 Service credit earned by a member during the most recent period of membership shall be combined with the service credit associated with the existing member contribution account of such member. Notwithstanding the provisions of this section, members exercising portability between the Denver public schools division and other association divisions are governed by the provisions of section 24-51-1747, retirees suspending retirement or reduced service retirement benefits are governed by section 24-51-1103 (1), and DPS retirees suspending retirement benefits are governed by section 24-51-1726.5.   Source: L. 87: Entire article R&RE, p. 1059, § 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1344, § 29, effective January 1, 2010. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 11, § 11, effective January 1, 2011.   Editor's note: This section is similar to former §§ 24-51-1110, 24-51-128, and 24-51-215 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-51-601 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-601. Retirement Benefit Reserve

 A retirement benefit reserve is hereby created to provide retirement benefits to retirees and cobeneficiaries.   Source: L. 87: Entire article R&RE, p. 1060, § 1, effective July 1.   Editor's note: This section is similar to former § 24-51-106 as it existed prior to 1987.   Cross references: For retirement of supreme court justices, other than under this article, see § 13-2-115; for retirement age of justices or judges, see § 23 of art. VI, Colo. Const.   ANNOTATION   Annotator's note. Since § 24-51-601 is similar to § 24-51-110 as it existed prior to the 1987 repeal and reenactment of this article, a relevant case construing that provision has been included in the annotations to this section.   Retirement benefits payable to a state employee are "vested rights" of which one cannot be deprived. Taylor v. Pub. Employees' Retirement Ass'n, 189Colo. 486, 542 P.2d 383 (1975).   No preclusion of post-retirement increases. The fact that a state employee has certain pension rights at the time of his retirement as a state employee in no way precludes his post-retirement pension changes which increase rather than decrease benefits received thereunder. Taylor v. Pub. Employees' Retirement Ass'n, 189Colo. 486, 542 P.2d 383 (1975).
CO Code § 24-51-604 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-604. Reduced Service Retirement Eligibility

  DPS members with less than five years of service credit as of January 1, 2011, and members who were members, inactive members, or retirees on December 31, 2019, and who have met the age and service credit requirements stated in the following table and who do not meet the requirements of section 24-51-602 shall, upon written application and approval of the board, receive reduced service retirement benefits pursuant to the benefit formula set forth in section 24-51-605:    Members who were not members, inactive members, or retirees on December 31, 2019, who have met the age and service credit requirements stated in the following table and who do not meet the requirements of section 24-51-602 shall, upon written application and approval of the board, receive reduced service retirement benefits pursuant to the benefit formula set forth in section 24-51-605:     TABLE C REDUCED SERVICE RETIREMENT ELIGIBILITY   Age Requirement Service Credit Requirement (years) (years) 50 25 50 State Troopers only 20 55 20 60 5   TABLE C.1 REDUCED SERVICE RETIREMENT ELIGIBILITY   Age Requirement Service Credit Requirement (years) (years) 55 25 55 State Troopers only 20 60 5   Source: L. 87: Entire article R&RE, p. 1060, § 1, effective July 1. L. 93: Entire section amended, p. 476, § 1, effective July 1. L. 2010: IP amended, (SB 10-001), ch. 2, p. 15, § 14, effective January 1, 2011. L. 2018: Entire section amended, (SB 18-200), ch. 370, p. 2249, § 15, effective June 4.   Editor's note: The provisions of this section are similar to provisions of several former sections as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.   Cross references: For the legislative declaration in SB 18-200, see section 1 of chapter 370, Session Laws of Colorado 2018.
CO Code § 24-51-605.5 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-605.5. Benefit Calculation for Money Purchase Retirement Benefit

  Members and vested inactive members who have met the age and service credit requirements for eligibility for a service retirement benefit or a reduced service retirement benefit shall, upon written application and approval of the board, receive the greater of:   The retirement benefit calculated pursuant to section 24-51-603 or 24-51-605 for which the member is eligible; or    The money purchase retirement benefit.       The money purchase retirement benefit referred to in paragraph (b) of subsection (1) of this section shall be actuarially determined and shall be based upon the value on the effective date of retirement of the member contribution account and matching employer contributions. The benefit shall be considered a service retirement benefit for all purposes of this article.     Source: L. 95: Entire section added, p. 555, § 8, effective July 1.
CO Code § 24-51-606.5 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-606.5. Indexation of Benefits for Vested Inactive Members

 A vested inactive member who was a member or inactive member on December 31, 2006, who has reached the age and service requirements for a service or reduced service retirement benefit on or before January 1, 2011, and who has at least twenty-five years of service credit prior to terminating membership shall be eligible, upon retirement, for a benefit, as calculated pursuant to the provisions of section 24-51-603 or 24-51-605, which has been increased by the annual increase specified in sections 24-51-1001 to 24-51-1003, from the date of termination of membership or July 1, 1993, whichever is later, to the effective date of retirement.   Source: L. 93: Entire section added, p. 477, § 3, effective July 1. L. 95: Entire section amended, p. 555, § 10, effective July 1. L. 2006: Entire section amended, p. 1184, § 16, effective May 25. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 17, § 16, effective January 1, 2011.
CO Code § 24-51-607 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-607. Benefit Formula for Service Retirement or Reduced Service Retirement Involving Direct Payments

 A benefit for service retirement or reduced service retirement involving direct payments made by a vested inactive member shall be the option 1 benefit for service retirement, as calculated according to the formula set forth in section 24-51-603 or 24-51-605; except that the amount of the benefit shall then be multiplied by the ratio of service credit to the service credit required for eligibility as set forth in table B in section 24-51-602 or table C in section 24-51-604, whichever is applicable.   Source: L. 87: Entire article R&RE, p. 1062, § 1, effective July 1. L. 88: Entire section amended, p. 970, § 5, effective July 1.   Editor's note: This section is similar to former §§ 24-51-109 and 24-51-611 as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.   Cross references: For retirement of supreme court justices, other than under this article, see § 13-2-115; for retirement age for justices or judges, see § 23 of art. VI, Colo. Const.
CO Code § 24-51-609 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-609. Service Credit Exceeding Twenty Years

  Service credit in excess of twenty years accrued on or before July 1, 1969, shall be included in the computation of the option 1 initial benefit for service retirement pursuant to the provisions of section 24-51-603 or 24-51-605, whichever is applicable.    On or before July 1, 1993, the association shall recalculate the initial benefit for all benefit recipients whose benefits became effective prior to July 1, 1992, pursuant to the benefit formula specified by the provisions of section 24-51-603 or 24-51-605, whichever is applicable. The association shall provide benefits to all such benefit recipients based upon such recalculated initial benefits effective from July 1, 1992.     Source: L. 87: Entire article R&RE, p. 1063, § 1, effective July 1. L. 92: Entire section amended, p. 1135, § 5, effective July 1.   Editor's note: This section is similar to former § 24-51-139 as it existed prior to 1987.
CO Code § 24-51-610 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-610. Division From Which a Member Retires

 The division in which the retiree had membership immediately preceding the date of retirement shall be the division from which the member retires.   Source: L. 87: Entire article R&RE, p. 1063, § 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1345, § 31, effective January 1, 2010.
CO Code § 24-51-611 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 51 - Public Employees' Retirement Association|Part 6 - Service Retirement|§ 24-51-611. Maximum Limit Under Federal Law

 Notwithstanding any other provision of this article, no benefit paid to any benefit recipient shall exceed the maximum permitted for qualified retirement plans pursuant to section 401 (a)(17) or section 415 of the federal "Internal Revenue Code of 1986", as amended, including but not limited to all cost-of-living adjustments permitted by such code. Any changes in the maximum compensation limit under said section 401 (a)(17) shall be applied prospectively. No contribution made pursuant to part 5 of this article or to section 24-51-606 (2) shall cause the limits in section 415 (n) of such code to be exceeded.   Source: L. 90: Entire section added, p. 1248, § 7, effective April 5. L. 95: Entire section amended, p. 265, § 10, effective December 31. L. 97: Entire section amended, p. 65, § 9, effective July 1. L. 99: Entire section amended, p. 7, § 2, effective February 19. L. 2002: Entire section amended, p. 139, § 3, effective March 27.