This section contains current items of interest to PERA members and retirees and the general public. For other news regarding PERA, you also may want to view the PERA News Archives. Any questions or comments regarding this information may be directed to PERA via e-mail.
If you’re retiring soon, plan to take advantage of special sessions offered by Colorado PERA to help you complete your PERA retirement forms. PERA staff will help you complete the following forms: PERA Retirement Application, Direct Deposit by Electronic Funds Transfer (EFT), and the Withholding Preference Form.
The sessions will be offered on the following dates:
- March 8, Denver
- March 15, Westminster
- March 29, Fort Collins
- April 5, Denver
- April 12, Westminster
- April 26, Denver
- April 26, Colorado Springs
- April 26, Grand Junction
- May 3, Denver
- May 10, Westminster
Reservations are required for these sessions, so if you have made your retirement decisions and need help with your forms, please sign up for one of the sessions or make an appointment by calling the PERA Customer Service Center at 1-800-759-7372 or 303-832-9550.
Colorado PERA is providing answers to questions asked by potential bidders to all interested respondents.
This morning, a District Court judge ruled that the City of Colorado Springs and Memorial Hospital cannot evade their approximately $200 million obligation to Colorado PERA.
“We are pleased with the judge’s decision, but more importantly we are relieved that the City of Colorado Springs and Memorial won’t be able to shift their financial burden to municipalities, and their employees, across Colorado. This decision helps maintain the integrity of Colorado’s best investment,” said Gregory W. Smith, PERA Executive Director.
In the decision, the judge stated, “The Court finds that the City and MHS violated the statutory termination provisions by failing to apply to the PERA Board to withdraw and by failing to comply with all of the statutory termination provisions prior to withdrawing its status as a PERA employer.” Further, the judge stated, “The mandatory process ensures that a withdrawing employer pays for the accrued, unfunded benefits of its retirees and employees before leaving PERA.”
Colorado PERA is seeking responses from firms interested in providing hedge fund consulting services on a project basis for its defined benefit plan.
The deadline for submissions is March 10, 2014.
Karl Greve, PERA’s Chief Financial Officer, presents a video overview of GASB Statement 68 and how PERA employers will need to implement this new pension standard.
Beginning with the January benefit check, retirees’ tax withholding will reflect the 2014 tax tables. The updated 2014 Federal tax withholding tables will be used to calculate the withholding on benefits to be paid on January 31, 2014.
As a reminder, if you plan to make any changes to your withholdings, etc., requests must be made by the 15th of the month to be effective for that month.