Colorado PERA Resolves Lawsuit With PERA, LLC
August 2, 2021
In 2020, Colorado PERA filed a lawsuit against PERA, LLC, which was pending in the U.S. District Court for the District of Colorado, regarding Colorado PERA’s concerns with PERA, LLC’s contact of PERA members. PERA, LLC, a private company, currently does business in the state of Colorado and contacts Colorado PERA members offering to set up appointments between the members and independent financial services representatives. The parties have negotiated and reached a mutually satisfactory resolution of the lawsuit. For at least the next two years, PERA, LLC will continue to operate in Colorado as “CERA” or the “Civil Employees Retirement Assistance.” PLEASE NOTE: CERA is a third-party marketing organization that facilitates your meeting with a state-licensed representative at the time and place of your choosing. Neither your advisor nor CERA is affiliated with, employed by, approved by, or otherwise sponsored by Colorado PERA or your employer. If you have any questions about your Colorado Public Employees’ Retirement Association account, please contact Colorado PERA at www.copera.org or 1-800-759-7372.