The IRS announced new contribution/distribution limits for 2024 – these limits can be adjusted annually based on inflationary cost-of-living changes from year-to-year. The major changes that may impact PERA members are listed below:
The employee contribution limits to the 401(k) and 457 plans will increase to $23,000 in 2024 ($22,500 in 2023); the catch-up contributions for those age 50 and older in those plans will remain unchanged at $7,500.
The § 415 limit for benefit payments from a DB plan similar to PERA will increase to $275,000 in 2024 ($265,000 in 2023).
The § 401(a)(17) limit for salary to be eligible to be reported to PERA for members who started on/after January 1, 1996, will increase to $345,000 in 2024 ($330,000 in 2023).
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Website Accessibility Policy
Colorado PERA is fully committed to providing accessible facilities, elements and
channels of communication to all members of the public. As part of this commitment, Colorado PERA
has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and
commercial screen reading software. All features of the website are coded to allow individuals with vision and
other impairments to understand and use the website to the same degree as someone without disabilities. We welcome
feedback and can often resolve issues in a timely manner if they arise.
If you need any special assistance or accommodations:
Colorado PERA has designated a compliance officer for website disability-related accommodations.
The compliance officer has received training in website accessibility and updates the site in accordance with those best
practices. Contact our accessibility officer to report an issue.
Compliance Procedures and Reports
In addition to testing with users with a wide range of disabilities and coding our website to WCAG standards,
Colorado PERA regularly scans its website to ensure ongoing compliance, and makes timely
changes to any inaccessible changes, if any are found.
Linked Documents and Third Parties
Please note that this site may link out to third-party websites, such as state or federal agencies, that do
not have accessible content. This site may also include documents provided by third parties included in our
agenda packets, for example. While we cannot control the accessibility of content provided by third parties,
we are happy to assist any member of the public with reading and accessing content on our site.
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