In 2008, the stock market crashed. Headlines proclaiming the unequivocal disaster looked like this… What did that mean for PERA? PERA ended up losing 25.9% of their fund in the 2008 stock market crash. Ultimately, this meant that PERA was going to run out of money in approximately 30 years and wouldn’t be able to […]
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.