2010 Legislative Information Center

Be Active in the Future of Your Retirement System

Colorado PERA is committed to empowering our members with the proper tools to become engaged in the public policy process that could impact the future of your retirement system. We have developed a Legislative Action Center, which is a fast and convenient service for our members to respond to legislative issues. Register for PERA ALERTS and you will be added to our e-mail list to receive news alerts.

Legislative Wrap-Up–July 2010

House Finance Committee Hearing—February 10

A hearing before the House Finance Committee for Senate Bill 10-001 was held on February 10. PERA gave a presentation to the committee and provided copies of the comparison chart to the PERA Board's proposal.

Amendments to Senate Bill 10-001

The chart that compares Senate Bill 10-001 with the PERA Board's recommendations has been updated to include the proposed amendments to the bill.

PERA Hearing Before the Senate Finance Committee

PERA testified at a hearing on Tuesday, January 26, 2010, in support of Senate Bill 10-001.

PERA Hearing Materials

Senate Bill 10-001 Introduced

Senate Bill 10-001, Concerning Modifications to the Public Employees’ Retirement Association Necessary to Reach a 100 Percent Funded Ratio Within the Next Thirty Years, was introduced on January 13, 2010.

PERA Board of Trustees Endorse Senate President’s Legislative Proposal (1/8/10)

On Thursday, January 7, the PERA Board of Trustees approved Senate President Brandon Shaffer’s recommended changes to the PERA Board’s legislative proposal. These changes to the original legislative proposal still accomplish the Board’s goal of reaching 100 percent funded levels for each of PERA’s divisions in 30 years.

These new recommendations comply with the Board’s previously determined principles of shared responsibility among members, retirees and employers, intergenerational equity, long-term sustainability, preservation of  the defined benefit plan, and maintaining the same benefit structure for PERA’s different divisions. 

The Board’s support of the Senate President’s bill is subject to review of the final legislation that will be introduced to the General Assembly early in the session that begins January 13.  The bipartisan bill is slated to be introduced as Senate Bill 1 and will have Senator Josh Penry as a prime cosponsor along with other cosponsors.

2010 Legislative Recommendation

Planning for PERA's Future

Effect of Legislative Recommendation on Colorado PERA Membership Chart (11/20/09)

COLA Comparison Calculator

Shareholder Meeting Video

Meredith Williams, PERA Executive Director
Gregory W. Smith, PERA General Counsel/Chief Operating Officer

Shareholder Meetings Presentation

Summary of Board Recommended Legislation in 2010

Comprehensive Board Proposal Passed by the PERA Board of Trustees on October 16, 2009

Summary of Colorado PERA's Legislative Recommendations for 2010 (Supplemental Information Provided to the Legislative Audit Committee and Legislators on November 2)

Letter to Governor Ritter

Presentation to the Legislative Audit Committee

Summary of Board Recommended Legislation in 2010

Timeline for Development of PERA's Comprehensive Legislative Proposal

Actuarial Projection Charts for 2007 and 2008 Valuation Results for State, School, Local Government, and Judicial Divisions

Actuarial Projection Charts Illustration PERA Board's Recommendations for the 2010 Legislative Session for State, School, Local Government, and Judicial Divisions

Letter Dated October 13, 2009, from Cavanaugh Macdonald Consulting, LLC, Stating that Certain Pieces of the Legislation Cannot be Priced to Determine the Financial Impact

Certification Letter Dated October 27, 2009, from Cavanaugh Macdonald Consulting, LLC, Stating that the PERA Board's Proposal is a Sound Actuarial Response to PERA's Current Financial Situation

PERA's Summary Annual Financial Report for the Fiscal Year Ended December 31, 2008

Presentation to the PERA Board on June 19, 2009, by Cavanaugh MacDonald, LLC, Summarizing Their Report of the Actuarial Valuation of PERA as of December 31, 2008

Colorado PERA's Economic & Fiscal Impacts: A Study Measuring the Economic and Fiscal Impacts of PERA's Benefit Payments to Colorado Recipients and Providing a Description of PERA Members (Active and Benefit Recipients), Prepared by the Pacey Economic Group—August 2009

PERA Contact Information

Federal Legislation Affecting PERA

For information on federal legislation that may affect PERA, visit the NASRA and NCTR Web sites.