Concerning the elimination of the two percent increase in the member contribution rate to the public employees’ retirement association for members in the local government division of the association.
Secure PERA originally took an amend position on this legislation because the coalition was concerned about the impact of this bill on the auto adjust factor created under SB 200. At the Senate Finance committee hearing PERA informed the committee that this legislation would not trigger the auto adjust and would not effect the auto adjust. After receiving this information Secure PERA moved to a monitor position.
HB 19-1217 passed the House and the Senate.
Governor Polis signed HB 19-1217 on May 20th, 2019. This bill will go into effect for PERA contributions in 2020.