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The Colorado State Constitution$
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Richard Collins and Dale Oesterle

Print publication date: 2020

Print ISBN-13: 9780190907723

Published to Oxford Scholarship Online: April 2021

DOI: 10.1093/oso/9780190907723.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 05 July 2022

Old Age Pensions

Old Age Pensions

(p.411) Article XXIV Old Age Pensions
The Colorado State Constitution

Richard B. Collins

Dale A. Oesterle

Lawrence Friedman

Oxford University Press

This chapter assesses Article XXIV of the Colorado Constitution, which provides for old age pensions. A 1936 citizens’ initiative added the article to set up the Old Age Pension Fund in the state treasury and entitle the fund to specified revenues. A 1956 initiative amended the article to raise pension revenues, increase pensions, and add a health and medical care fund. It also allows surplus revenue to be used for other purposes. Section 3 sets qualifications for entitlement to a pension. Litigation and statutes have changed eligibility rules over time. Section 6 defines pension amounts, reduced by other retirement or pension income. In practice, because of availability of other pensions, the system has operated with surpluses paid into the general fund.

Keywords:   Colorado Constitution, old age pensions, National Annuity League, Old Age Pension Fund, state residents, taxes, federal grants

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