Statutes, codes, and regulations
Colorado Administrative Code
Department 1502 - Public Employees' Retirement BoardDivision 1502 - Public Employees' Retirement Association
Rule 8 CCR 1502-1 - COLORADO PERA RULES
Rule 8 CCR 1502-1-13 - LIFE INSURANCE PROGRAM

8 Colo. Code Regs. § 1502-1-13

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Current through Register Vol. 48, No. 1, January 10, 2025
Rule 8 CCR 1502-1-13 - LIFE INSURANCE PROGRAM

Rule 13 describes conditions for enrollment for group life insurance coverage, provides for direct payment of premiums, and specifies requirements for designation of beneficiaries. For the purposes of Rule 13, the term "member" shall include DPS members and the term "retiree" shall include DPS retirees.

13.10Enrollment

Life insurance coverage shall be available to members who voluntarily subscribe.

A. Enrollment Upon Becoming a Member

A member may enroll within 90 days after becoming a member without proof of insurability.

B. Open Enrollment
(1) Open enrollment during which proof of insurability will not be required shall be held at times and for a period to be specified by the Association.
(2) Open enrollment shall be available to members only.
13.20Direct Payment of Premiums for Group Life Insurance
A. Members may pay life insurance premiums directly to the life insurance plan in which they are enrolled. Inactive members may continue coverage after termination of employment by paying life insurance premiums directly to the life insurance plan in which they are enrolled, provided they have not received a refund of their account.
B. Members on a leave without pay may make payments for the life insurance premiums to their employer, who shall report the payments on the monthly contribution report.
C. Retirees whose benefits have been suspended may pay premiums directly to the life insurance plan in which they are enrolled.
13.30Designation of Beneficiary for Life Insurance

Designation of a beneficiary shall be made in writing and must contain the signature of the member or retiree or the signature of the individuals) appointed to represent the member or retiree, and the date. Such designation shall take effect upon receipt by the Association.

8 CCR 1502-1-13

38 CR 23, December 10, 2015, effective 1/1/2016
39 CR 23, December 10, 2016, effective 1/1/2017
40 CR 04, February 25, 2017, effective 4/1/2017
40 CR 24, December 25, 2017, effective 2/1/2018
41 CR 14, July 25, 2018, effective 9/1/2018
41 CR 20, October 25, 2018, effective 1/1/2019
42 CR 20, October 25, 2019, effective 1/1/2020
43 CR 21, November 10, 2020, effective 1/1/2021
44 CR 20, October 25, 2021, effective 1/1/2022