HB12 1150 – Change How Highest Average Salary is Calculated

Update 4/12/12 – Senate Finance killed this bill. Update 3/23/12 – This bill has been assigned to the Senate Finance committee – visit this page to email the committee. Update 3/15: HB 1150 Passed the House on 3rd reading. Next it will be assigned to a Senate committee.

Secure PERA opposes HB12 1150. This bill changes the calculation for Highest Average Salary, which is used to determine benefits after retirement. It changes the current 3 years to 7 years for all PERA participants hired on or after January 1, 2013. The bill applies to all members, except those in the Judicial division that did not transfer from the Denver Public Schools (DPS) division.

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