Archive | 2012

Senate Bill 12-84 – PERA Transparency

SB 12-084 is sponsored by Senator  Kent Lambert (R-Colorado Springs) and Representative Spencer Swalm  (R-Centennial). Currently, law provides that all  information contained in records of members, former members, inactive members,  and benefit recipients, as well as records of participants in PERA defined  contribution plans, be kept confidential by PERA. The bill would create an exception […]

Senate Bill 12-119 – PERA Fiscal Sustainability

SB 12-119 is sponsored by Senator Tim Neville (R-Littleton) and Representative Chris Holbert (R-Parker). The bill would require the PERA Board to reduce benefit provisions when the amortization period for any Division exceeds 30 years. The Board would be required to make changes to the provisions for service credit, service retirement, benefit amounts, and annual […]

Senate Bill 12-16 – Local Govt Rate Swap

On 1/30/2012 Senate Bill 16 was killed on a 2-3 vote of the State Affairs committee.   Senator Lambert introduced on opening day a bill that would allow PERA employers in the Local Government division to swap up to 2.5% of their payment to PERA to the employees. The Colorado Coalition for Retirement Security OPPOSES […]