Colorado Capitol Watch


Welcome Visitor

Forgot password?
Subscribe for Current Session

My CCW Tools

Look Up Bills

Look Up Legislators

Legislative Year: 2023 Change

Bill Detail: HB23-1176

Return to list of bills

emailSend an email to your legislator

Title PERA Defined Contribution Plan School Personnel
Status House Committee on Education Postpone Indefinitely (03/15/2023)
Bill Subjects
  • State Government
House Sponsors D. Wilson (R)
Senate Sponsors
House Committee Education
Senate Committee
Date Introduced 02/08/2023

Current law allows only specified employees to participate in the
public employees' retirement association's (PERA) defined contribution
plan. Employer and member contribution rates for PERA's defined
contribution plan are fixed in statute and vary per division. Members of
the school division or the Denver public schools (DPS) division of PERA
are not able to enroll in the defined contribution plan and are enrolled in
the defined benefit plan administered by PERA.
The bill requires the PERA board to establish and administer a
flexible defined contribution plan and gives PERA members who are
hired on or after January 1, 2024, and who are members of the school
division or DPS division (eligible employees), the option to participate in
the flexible defined contribution plan. If an eligible employee opts to
participate in the flexible defined contribution plan, the eligible employee
may determine the employee's contribution rate. Employers of eligible
employees who opt into the flexible defined contribution plan are
required to contribute an amount equal to 6.5% of the member's salary
toward the member's account, and contribute an amount equal to 15% of
the member's salary to the defined benefit plan.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (06/22/2023) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
Lobbyists Lobbyists
Audio [This feature is available by subscription.]  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
Copyright © 2008-2023 State Capitol Watch