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Expanding Plan Options for PERA

Concerning an expansion of plan options for the public employees' retirement association.

HB26-1026 2026 Regular Session Signed into Law State Government

Cost estimates

At the first note read
$0
FACT January 29, 2026
At the last note read
$0
FACT July 9, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: No appropriation is required.

Bill summary

     Under current law, a member of the public employees' retirement association (PERA) earns service credit for each year worked during which the member makes contributions to PERA. A member may purchase additional years of service credit for any previous period of public or private employment during which the member was not making contributions to PERA, subject to certain conditions. The act allows a member of PERA to also purchase service credit for previous periods of unemployment during which the member was 21 years old or older, subject to certain conditions.

     The act requires PERA's voluntary investment program to include options for an employee to make tax-deferred voluntary contributions and Roth voluntary contributions. The act requires PERA employers to affiliate with PERA's deferred compensation plan and requires PERA employers to offer the deferred compensation plan to employees. The deferred compensation plan must include options for an employee to make pre-tax voluntary contributions and Roth voluntary contributions.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)