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Legislative Year: 2023 Change

Bill Detail: SB23-056

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Title Compensatory Direct Distribution To PERA
Status Governor Signed (06/02/2023)
Bill Subjects
  • State Government
House Sponsors S. Bird (D)
R. Weinberg (R)
Senate Sponsors C. Kolker (D)
House Committee Finance
Senate Committee Finance
Date Introduced 01/17/2023

To recompense the public employees' retirement association
(PERA) for the cancellation of a previously scheduled July 1, 2020, direct
distribution of $225 million, House Bill 22-1029 required an additional
direct distribution to PERA. However, the additional direct distribution
did not fully recompense PERA for the cancellation of the previously
scheduled direct distribution. To fully recompense PERA, the bill requires
the state treasurer to issue a warrant to PERA in an amount equal to
$35,050,000. The bill requires the warrant to consist of the balance of the
PERA payment cash fund, and any remaining amount must be paid from
the general fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (07/26/2023) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
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