The Governor will soon sign the 2021-2022 state budget. Last week, the Colorado Legislature finalized its work on the $34.1 billion budget, which funds many of the programs that were cut last year, sets aside additional funds for next year, and renews the state’s commitment to the long-term viability of PERA.
This means the state will make its $225 million obligation on July 1, 2021 and already has the money set aside to pay it next year as well. These actions are being done through two bills – the “Long Bill”, SB21-205, and a companion bill, SB21-228.
Thank you to the Secure PERA members who advocated with JBC members and legislators and sent more than 2,600 emails to make this happen. Your efforts had a big impact!