Update: This bill was postponed indefinitely on February 5th by the Senate State Affairs Committee.
Senate Bill 68 is sponsored by Senator Kent Lambert (R-Colorado Springs) and Representative Kevin Priola (R- Henderson) Secure PERA opposes Senate Bill 68 and on January 17th the PERA board voted to oppose the bill as well. The bill changes the minimum age and service requirements for most members hired on or after December 31, 2016. Under current law, PERA members are eligible to retire with a full benefit if they have reached age 60 and the sum of their age and years of service is at least 90. Under the bill, in order to qualify for a full retirement benefit, all PERA members would need to be at least 65 years of age and have the sum of their age and years of service be at least 95. The bill does not affect service retirement requirements for state troopers.