HB 1265 will increase employer & employee contributions to the judicial division of PERA.
House Bill 1176 would allow a PERA retiree to work a full year for a rural school district that has determined they have a critical shortage of teachers, bus drivers, or food service employees. The retiree would receive their full retirement benefit and salary for the position and all PERA payments are required.
Senate Bill 158 is sponsored by Senator Tate (R- Arapahoe County) and Representative Nordberg (R – Colorado Springs). Senate Bill 158 would change the composition of PERA’s Board of 15 Trustees. It would reduce the number of Trustees elected by members and increase the number of Trustees appointed by the Governor.
Senate Bill 113 is sponsored by Senator Neville (R- Littleton) and Representative Everett (R- Littleton). This bill would cap employer contribution rates at 2018 levels.
HB 1114 authorizes the state treasurer to review all records or information within the custody and control of PERA. Neither the executive director nor the board may deny the state treasurer’s request for records or information.
In 2010, Colorado led the nation in creating a bi-partisan solution to stabilize the funding of our public employee pension plan. In 2015, we are proposing, along with the Governor and PERA, an innovative plan to securitize PERA contributions and lock in the changes made under Senate Bill 1 in 2010.