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Colorado · 2025 Regular Session · Bill

SB 25-028: Public Employees' Retirement Association Risk-Reduction Measures

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 25-028 is a bill introduced in the Colorado Senate on January 8, 2025. According to its official title, it concerns: Public Employees' Retirement Association Risk-Reduction Measures. Primary sponsor: Rick Taggart (Republican), Eliza Hamrick (Democratic), Faith Winter, Chris Kolker (Democratic). It lists 14 additional sponsors. Most recent recorded action (March 26, 2025): Governor Signed.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

The public employees' retirement association (PERA) board (board) conducts or causes to be conducted an actuarial experience study of PERA and a periodic actuarial audit of PERA. Both the actuarial experience study and the periodic actuarial audit, neither of which were referenced in law prior to passage of the act, are conducted approximately once every 5 years, but the timing of the actuarial experience study and the periodic actuarial audit is not aligned. The act requires the board to conduct or cause to be conducted the actuarial experience study every 4 years, beginning with the actuarial experience study that the board conducted in the 2024 calendar year, rather than every 5 years. In addition, the act requires the board to conduct or cause to be conducted the periodic actuarial audit of PERA in the 2026 calendar year and every 4 years thereafter , rather than every 5 years, and to ensure that each periodic actuarial audit takes into consideration the results and findings of the most recent actuarial experience study that was conducted or caused to be conducted by the board. For several years, the pension review commission has been required to commission an independent review of the economic and investment assumptions used to model PERA's financial situation. The act requires the commission to commission the independent review every 4 years, rather than every 3 years, within 3 months of the release of the periodic actuarial audit of PERA conducted or caused to be conducted by the board. (Note: This summary applies to this bill as enacted.)

Sponsors

Sponsors by party (alphabetical): Democratic 13 · Republican 3

NameRolePartyChamberDistrict
Rick TaggartPrimary sponsorRepublicanHouse55
Eliza HamrickPrimary sponsorDemocraticHouse61
Faith WinterPrimary sponsorNot applicable (committee)——
Chris KolkerPrimary sponsorDemocraticSenate16
Jeff BridgesCo-sponsorDemocraticSenate26
James ColemanCo-sponsorDemocraticSenate33
Lisa CutterCo-sponsorDemocraticSenate20
Monica DuranCo-sponsorDemocraticHouse23
Ryan GonzalezCo-sponsorRepublicanHouse50
D. Michaelson JenetCo-sponsorNot applicable (committee)——
Iman JodehCo-sponsorDemocraticSenate29
Cathy KippCo-sponsorDemocraticSenate14
Mandy LindsayCo-sponsorDemocraticHouse42
Janice MarchmanCo-sponsorDemocraticSenate15
Julie McCluskieCo-sponsorDemocraticHouse13
Lori Garcia SanderCo-sponsorRepublicanHouse65
Marc SnyderCo-sponsorDemocraticSenate12
Brianna TitoneCo-sponsorDemocraticHouse27

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Governor Signed
  2. Signed by the President of the Senate
  3. Signed by the Speaker of the House
  4. Sent to the Governor
  5. House Third Reading Passed - No Amendments
  6. House Second Reading Special Order - Passed - No Amendments
  7. House Second Reading Special Order - Laid Over Daily - No Amendments
  8. House Committee on Finance Refer Unamended to House Committee of the Whole
  9. Senate Third Reading Passed - No Amendments
  10. Introduced In House - Assigned to Finance
  11. Senate Second Reading Passed with Amendments - Committee
  12. Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole

Showing 12 most recent of 13 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source