The 2025 legislative session commenced January 8 and will continue for up to 120 days.

Below you’ll find summaries of proposed legislation affecting Colorado PERA. The status of each bill will be updated regularly.

Last updated: April 29, 2025

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SB25-028

Public Employees’ Retirement Association Risk-Reduction Measures

Summary: Codifies into state law certain reporting practices the PERA Board already performs on a regular basis and modifies the cadence of those reports, including actuarial experience studies and independent reviews of actuarial audits.

Sponsors: Rep. Eliza Hamrick, Rep. Rick Taggart, Sen. Chris Kolker

Status: Passed; Gov. Jared Polis signed into law Feb. 26.

HB25-1052

Income Tax Credit for Public Employees’ Retirement Association Retirees

Summary: Creates a temporary refundable tax credit of $700 for qualifying PERA retirees. To qualify, a retiree would have to be 65 or older at the end of tax year 2025 or 2026, and have annual gross income of no more than $38,000 for single tax filers or $76,000 for joint filers.

Sponsors: Rep. Eliza Hamrick, Rep. Rick Taggart, Sen. Chris Kolker

Status: House Finance Committee voted to postpone indefinitely Jan. 27.

HB25-1105

PERA True-Up of Denver Public Schools Division Employer Contribution

Summary: Would reduce the total employer contribution rate for the Denver Public Schools Division from 10.4% to 7.4% of salary beginning July 1, 2025.

Sponsors: Rep. Sean Camacho

Status: Passed.

HB25-1150

Forfeiture of PERA Benefits by Sex Offenders

Summary: Requires a PERA member to forfeit part of their retirement benefits should that individual be convicted of a sex crime. It would also establish a new fund into which forfeited benefits would be transferred and these monies would be used to provide grants to survivors of a sex crime for necessary medical and mental health resources.

Sponsors: Rep. Ron Weinberg

Status: House Finance Committee voted to postpone indefinitely Feb. 24.

SB25-147

Modify Board Management PERA

Summary: Would modify a number of provisions under current law related to the PERA Board of Trustees, including changes to how PERA is designated for purposes of open meetings laws, establishing term limits for Trustees, and requiring that certain financial information, including various administrative costs and other expenses, be posted on PERA’s website and updated on an annual basis.

Sponsors: Sen. Byron Pelton, Sen. Chris Kolker, Rep. Lori Garcia Sander, Rep. Meghan Lukens

Status: Passed.

SB25-136

Expand Deduction for Retirement Benefits

Summary: For tax years commencing on or after Jan. 1, 2026, would remove all caps on the deduction for amounts received as pensions and annuities from the individual’s federal taxable income when determining the individual’s state taxable income.

Sponsors: Sen. Byron Pelton, Rep. Ryan Gonzalez

Status: Senate State, Veterans, & Military Affairs Committee voted to postpone indefinitely Feb. 27.

SB25-310

Proposition 130 Implementation

Summary: Would implement and modify Proposition 130, approved by voters in the November 2024 general election, which directs the state to spend $350 million to help recruit, train, and retain local law enforcement officers. The provisions concerning PERA relate to funding for the bill, which would involve giving PERA a lump-sum payment of $500 million on July 1, 2025. Those funds are to be invested and based on the earnings there may be reductions made to the statutorily required direct distributions to PERA in future years in order to provide funding to the public safety fund.

Sponsors: Sen. Barbara Kirkmeyer, Sen. Jeff Bridges, Rep. Shannon Bird, Rep. Rick Taggart

Status: Passed second reading in the Senate April 29.