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First Regular Session | 75th General Assembly
Colorado General Assembly
SB21-228

PERA Public Employees Retirement Association Payment Cash Fund

Type Bill
Session 2021 Regular Session
Subjects
State Revenue & Budget

Concerning the creation of the PERA payment cash fund to be used for future payments to the public employees' retirement association, and, in connection therewith, making an appropriation.

Bill Summary:



The act creates the PERA payment cash fund (fund) and appropriates $380 million from the general fund to the fund for the 2020-21 state fiscal year. The state treasurer is required to use the money in the fund for any portion of the $225 million direct distribution payment to PERA that would have otherwise been paid from the general fund on July 1, 2022, subsequent direct distributions that would have otherwise been paid from the general fund, and any of the state's employer contributions or disbursements.

(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Senator Chris Hansen

Senator

Chris Hansen

Senator Dominick Moreno

Senator

Dominick Moreno

Representative Julie McCluskie

Representative

Julie McCluskie

Representative Kim Ransom

Representative

Kim Ransom

Committees

Senate

Appropriations

House

Appropriations

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
05/04/2021 Signed Act PDF
04/26/2021 Final Act PDF
04/19/2021 Rerevised PDF
04/15/2021 Revised PDF
04/09/2021 Reengrossed PDF
04/08/2021 Engrossed PDF
04/05/2021 Introduced PDF
Date Version Documents
04/06/2021 PA1 PDF
Date Version Documents
06/18/2021 FN3 PDF
04/12/2021 FN2 PDF
04/05/2021 FN1 PDF
Date Version Documents
04/12/2021 SA1 PDF
Activity Vote Documents
Refer Senate Bill 21-228 to the Committee of the Whole. The motion passed on a vote of 10-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Adopt amendment L.001 The motion passed without objection. Vote summary
Refer Senate Bill 21-228, as amended, to the Committee of the Whole. The motion passed on a vote of 6-1. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
04/19/2021 Third Reading BILL
62
AYE
1
NO
1
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
04/09/2021 Third Reading BILL
33
AYE
0
NO
2
OTHER
 		Vote record
Date Amendment Number Committee/ Floor Hearing Status Documents
04/06/2021 L.001 SEN Appropriations Passed [*] PDF

* Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.

** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.

Date Location Action
05/04/2021 Governor Governor Signed
04/26/2021 Governor Sent to the Governor
04/26/2021 House Signed by the Speaker of the House
04/26/2021 Senate Signed by the President of the Senate
04/19/2021 House House Third Reading Passed - No Amendments
04/16/2021 House House Third Reading Laid Over Daily - No Amendments
04/15/2021 House House Second Reading Special Order - Passed - No Amendments
04/14/2021 House House Second Reading Laid Over Daily - No Amendments
04/13/2021 House House Committee on Appropriations Refer Unamended to House Committee of the Whole
04/09/2021 House Introduced In House - Assigned to Appropriations
04/09/2021 Senate Senate Third Reading Passed - No Amendments
04/08/2021 Senate Senate Second Reading Passed with Amendments - Committee
04/06/2021 Senate Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
04/05/2021 Senate Introduced In Senate - Assigned to Appropriations
Effective Date Chapter # Title Documents
05/04/2021 94 PERA Payment Cash Fund PDF

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