New Members
Your employer is one of more than 400 throughout Colorado that are part of PERA. PERA stands for Public Employees’ Retirement Association and we provide retirement benefits for those working in Colorado’s public sector. Because of your new job there, you’re now a PERA member.
PERA has two types of retirement plans: A defined benefit (also called a pension) plan where PERA invests funds on your behalf and then provides a lifetime monthly benefit in retirement, and a defined contribution plan where you choose your investments and then draw from your account balance in retirement.
New Members in the Defined Benefit Plan
Your journey to retirement starts now and PERA is your partner! Find out about benefits, programs, and optional ways to save more for retirement.
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New Members with the Option to Choose Plans
Some PERA employers offer a choice between the PERA Defined Benefit (DB) Plan and the PERA Defined Contribution (DC) Plan. This option to choose is called PERAChoice, and allows employees the chance to choose the Plan that’s the best fit for their retirement goals.
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