A fund to be known as the old age pension fund is hereby created and established in the treasury of the state of Colorado. There is hereby set aside, allocated and allotted to the old age pension fund sums and money as follows: A 1936 citizens’ initiative, sponsored by the National Annuity League, added Article XXIV by an overwhelming vote.1741 Colorado had enacted an old age pension statute in 1927, which was made compulsory in 1931 and amended in 1933. The 1936 constitutional amendment threw a wrench into the system. It set up a new Old Age Pension Fund in the...
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