Popular Annual Financial Report - 2016

For the fiscal year ended December 31, 2016, this is a summary of the Comprehensive Annual Financial Report.

I am pleased to present Colorado PERA’s Popular Annual Financial Report (PAFR) for the year ended December 31, 2016.
A comparative summary of PERA's fiduciary net position.
Funding a retirement program is a long-term commitment, and it’s important to remember that all benefits are not payable and due at once.
The actuarial valuation performed for financial reporting purposes is prepared in accordance with governmental accounting standards which became effective for PERA for the year ended December 31, 2014.
Investment portfolio income is a significant source of revenue to PERA. The Investment Committee, a subcommittee of the Board, is responsible for assisting the Board in overseeing PERA’s investment program.
PERA is a large contributor to the Colorado economy beyond benefit payments with investments that provide jobs and services that boost the state’s economy.
Membership in PERA’s Defined Benefit Plan includes employees of the State of Colorado, all school districts, the judicial system, and many municipalities, special districts, and other local government entities.
During the 2016 legislative session, two bills were introduced that would have impacted PERA, one of which was signed into law. The Board takes positions on legislation affecting PERA based on its fiduciary responsibility to act in the best interest of its membership.
PERA has a large impact on the state of Colorado. In addition to creating jobs through the investment of PERA trust fund dollars in many Colorado-based companies, PERA contributes to the state’s economy by providing pension and health care benefits to Colorado PERA participants.
The continued health of PERA is vital for the security of members and the economic stability of communities throughout Colorado.
The Government Finance Officers Association of the United States and Canada (GFOA) has given an Award for Outstanding Achievement in Popular Annual Financial Reporting to PERA for its Popular Annual Financial Report for the year ended December 31, 2015.