Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB20-1379

Suspend Direct Distribution To PERA Public Employees Retirement Association For 2020-21 Fiscal Year

Concerning suspending the direct distribution to the public employees' retirement association for the 2020-21 state fiscal year, and, in connection therewith, reducing an appropriation.
Session:
2020 Regular Session
Subject:
State Government
Bill Summary

Current law specifies that on July 1, 2018, and on July 1 each year thereafter until there are no unfunded actuarial accrued liabilities of any division of the public employees' retirement association (PERA) that receives the direct distribution, the state treasurer is required to issue a warrant to PERA in an amount equal to $225 million from the general fund or any other fund. The act specifies that the state treasurer shall not issue the warrant to PERA for the 2020-21 state fiscal year.

The act reduces the figures included in the annual general appropriation act for the 2020-21 state fiscal year for informational purposes to the department of the treasury for the direct distribution. The act also reduces appropriations made to various state agencies in the annual general appropriation act for the 2020-21 state fiscal year for the direct distribution.


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

Status

Introduced
Passed
Became Law

Menu

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/29/2020 Signed Act PDF
    06/19/2020 Final Act PDF
    06/06/2020 Rerevised PDF
    06/05/2020 Revised PDF
    06/03/2020 Reengrossed PDF
    06/01/2020 Engrossed PDF
    05/26/2020 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. K. Ransom
Sen. B. Rankin

Sponsor

Rep. D. Esgar, Rep. J. McCluskie
Sen. D. Moreno, Sen. R. Zenzinger

Co-sponsor

COVID-19 Resources
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.