What is PERA?

October 16, 2017

Cover of Your PERA BenefitsYou have an account with Colorado PERA for time you spend as a public employee, but what does having an account mean? PERA provides its members with a lifetime monthly benefit, sometimes called a pension. Members work for affiliated employers throughout Colorado and during their employment contribute a fixed percentage of salary to PERA. Employers also contribute a percentage of payroll. When members reach retirement eligibility, they can apply to receive a monthly benefit.

To learn more, consider reading the updated version of the Your PERA Benefits booklet. It contains everything you need to know about Colorado PERA, including:

  • How your retirement benefit will be calculated
  • When you can begin to receive benefits
  • What benefits could be payable following your death
  • Options for different benefit payments

Consider reading the booklet online or requesting a printed copy be mailed to you if you want the most up-to-date information about your retirement plan.