SB 200 Final Version

Updated: 5/9/2018 11:11 pm — This post will be updated with additional information in the coming days when we have time to thoroughly review the conference committee version of the bill.

Below is what the Colorado General Assembly passed late Wednesday night with less than an hour left in the session.

We will link to the actual bill text when it is available.

Conference Committee Voted 5-1 (Senator Kagan (D-Cherry Hills Village) opposed)

House Voted 43-29-2 to re-adopt amended SB 200 (see how legislators voted here)

Senate Voted 24-11-0 to re-adopt amended SB200 (see how legislators voted here, awaiting the link)

Now, the bill will go to the Governor’s desk – he can sign the bill, veto the bill, or allow it to become law without his signature.

PERA
Currently
SB 200
Final Version
Employer Contribution 10% – 13.66% ↑. 25%
Employee Contribution 8% ↑ 2%
State Contribution $225 million annually to PERA
HAS 3 years 5 years
(non-vested and new employees)
Retirement Age 58/60 64 years old
(new employees only)
COLA Suspension 2 years
(3 years for those not already retired – 1 year from SB1)
COLA Rate 2% 1.50%
PERA Includable Salary Net to Gross
(new employees only)
Auto – Adjust Yes
Defined Contribution State after 2006 has option Expand to all State Division and Local Division Employees. No Expansion to Judicial, Schools or DPS Employees.
Other Legislative Oversight Committee