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The Colorado Retirement Security Task Force bill creates a legislative task force that will make recommendations for increasing the number of Coloradans working in the private sector who have invested for their retirement and are enrolled in a retirement plan.
This bill would allow all PERA employees the option to choose the PERA pension plan or the 401(k) style plan. Currently, State employees have this option. This bill would expand that option to all divisions.
Secure PERA opposes this bill. Retirement security for our employees is of the utmost importance and this bill erodes that security.
This bill fixes the law to protect dependents who are disabled from losing access to needs-based government benefits because of their designation as a beneficiary and protects those rights upon the death of the PERA recipient.
Secure PERA supports this bill.