§ 24-51-1744. Fund Transfer
Upon the effective date of benefits under sections 24-51-1736 to 24-51-1746, the accumulated contributions of said deceased member at the time of death shall be transferred to and merged with that portion of the Denver public schools division trust fund set aside as a reserve to provide such benefits. Source: L. 2009: Entire part added, […]
§ 24-51-1745. Payment in Good Faith
Any payments of such survivor’s benefits made to any person who is an eligible survivor of the deceased member and entitled thereto shall, to the extent of such payments actually made, be and constitute a complete release and acquittance to the system under this retirement plan. Such release shall not be deemed to preclude the […]
§ 24-51-1746. Waive Appointment of Guardian
In the payment of survivor benefits hereunder, the association may, from time to time, authorize and approve payments directly to a minor or the parent caring for such minor without requiring the appointment of a duly constituted guardian for such minor. Likewise, the association may waive the appointment of a conservator for a beneficiary deemed […]
§ 24-51-1747. Portability Between the Denver Public Schools Division and the Other Four Divisions Within the Association – Definitions
As used in this section, unless the context otherwise requires: “DPS active member” means a person, as defined in subsection (2) of this section, who as of December 31, 2009, is an employee of the Denver public school district, the Denver public schools retirement system, or a Denver public school district charter school, and is […]
§ 24-51-1748. Staff Members of the Denver Public Schools Retirement System
Each staff member employed by the Denver public schools retirement system on the date of the merger shall be hired as an employee-at-will of the association at a salary not less than the annual salary received from the Denver public schools retirement system as of the merger date, and the staff member’s employment thereafter shall […]
§ 24-51-1741. Effective Date of Survivor Benefits
On or after January 1, 1998, if survivor benefits are payable under sections 24-51-1736 to 24-51-1746, such benefits shall be deemed to accrue as of the first day following the death of the member or the first day when the first beneficiary becomes eligible, whichever is later, and shall be computed and payable from that […]
§ 24-51-1742. Election by Designated Beneficiary
If the deceased member had designated a beneficiary, other than the member’s estate, to receive the refund of the accumulated contribution balance, no survivor’s benefits shall be subject to claim under sections 24-51-1736 to 24-51-1746 unless such designated beneficiary or beneficiaries then entitled to receive such refund, by written notification delivered within such time and […]
§ 24-51-1743. When Election Becomes Irrevocable
The election described in section 24-51-1742 shall become irrevocable upon the first payment thereunder of any benefits provided under sections 24-51-1736 to 24-51-1746 or under sections 24-51-1713 and 24-51-1714. If, subsequent to exercise of such election by the appropriate beneficiary or beneficiaries but prior to the first payment of benefits thereunder, such beneficiary or beneficiaries […]
§ 24-51-1728. Accredited Service – Deferred Members
In computing the amount of any deferred retirement allowance becoming due to such member upon final termination of employment, such member must, at the time of the effective date of termination of service, have a credit of accumulated contributions in such amount as would have been to such member’s credit if such member had complied […]
§ 24-51-1729. Benefits – Deferred Members
In the event the employment of such member with the district terminates on or after July 1, 1962, the deferred retirement allowance, subject to the limitations set forth in section 24-51-1731, shall be computed in the following manner and paid under the following conditions: The amount of the deferred retirement allowance under option A shall […]