Colo. Rev. Stat. § 24-51-1003

Current through Acts effective through 6/5/2024 of the 2024 Legislative Session

Section 24-51-1003 - Annual increases in the base benefit

The percentage recalculated pursuant to the provisions of section 24-51-1002 shall be multiplied by the base benefit or retirement allowance as defined in section 24-51-1702 (34), whichever is applicable, to determine the increased benefit. In no case shall the benefit paid be less than the base benefit or retirement allowance, whichever is applicable.

C.R.S. § 24-51-1003

L. 87: Entire article R&RE, p. 1071, § 1, effective July 1. L. 93: Entire section amended, p. 479, § 8, effective 3/1/1994. L. 2006: Entire section amended, p. 1502, § 42, effective June 1. L. 2010: Entire section amended, (SB 10 -001), ch. 2, p. 21, § 21, effective February 23.

This section is similar to former §§ 24-51-135, 24-51-225, and 24-51-614 as they existed prior to 1987.