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The Colorado State Constitution$
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The Colorado State Constitution

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

Chapter:
(p.411) Article XXIV Old Age Pensions
Source:
The Colorado State Constitution
Author(s):

Richard B. Collins

Dale A. Oesterle

Lawrence Friedman

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190907723.003.0024

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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