Would amount received in ESOP dividends (Code U on 1099R) qualify for the "Colorado pension and annuity exclusion"?

Colorado pension and annuity exclusion "Learn More" says, "Retirement benefits which are periodic payments received as a result of services performed by an individual prior to retirement arising from an employer-employee relationship, ". Would this include ESOP dividend amounts from the employer which show up as 1099R, code U?