Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

1FD9247CD45CC1438725888D005CEED1 Hearing Summary




PUBLIC
BILL SUMMARY For RECOMMENDATIONS FOR PENSION REVIEW COMMISSION

INTERIM COMMITTEE  PENSION REVIEW SUBCOMMITTEE
Date Jul 28, 2022      
Location HCR 0112



Recommendations for Pension Review Commission - Committee Discussion Only


10:55:07 AM  
The committee discussed
a recommendation to the Pension Review Commission to fund PERA with an
additional $97.0 million, and adjusting the $225.0 million annual distribution.
Committee discussion ensued regarding including investment returns in PERA
funding.
11:01:30 AM  
Representative Bird
made the following motion: move to recommend a bill to the Pension Review
Commission that would true-up the financial condition of PERA to be consistent
with the original intent of Senate Bill 18-200 and identifying the source
of funding as the PERA Payment Cash Fund and state reserves.

The motion passed on a vote of 11-0, with three excused.
11:08:34 AM  
Committee members
discussed the recommendation.
11:12:18 AM  
Mr. Sharf discussed
a recommendation to the Commission to require PERA to issue a request for
proposal to adjust their acturarial modeler to add a variable. Committee
members discussed the recommendation.
11:12:19 AM  
Mr. Sharf made the
following motion: move to recommend a bill to the Pension Review Commission
to require the PERA Board to release a Request for Proposals to conduct
a sensitivity analysis on inflation, inflation-related scenarios, and how
inflation will affect PERA between now and 2047.

The motion failed on a vote of 1-10, with three excused.






Email addresses for the Colorado legislature have changed from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details