s_fin_2017a_2017-04-27t10:35:42z2 Hearing Summary

Date: 04/27/2017

Location: SCR 357

10:54 AM -- HB17-1265



Senators Kerr and Priola, co-prime sponsors, presented House Bill 17-1265, which makes adjustments to the Judicial Division's contribution rates to the Colorado Public Employees' Retirement Association's (PERA's) Amortization Equalization Disbursement (AED), currently set at 2.20 percent, and Supplemental Amortization Equalization Disbursement (SAED), currently set at 1.50 percent. Senators Kerr and Priola responded to committee questions.



11:12 AM -- David Kribs, representing the Judicial Department, testified in support of the bill. Mr. Kribs responded to committee questions.



11:16 AM -- Lynea Hansen, representing Secure PERA, testified in support of the bill. Ms. Hansen responded to committee questions.



11:23 AM -- Greg Smith, Executive Director, PERA, testified in support of the bill. Mr. Smith responded to committee questions.





11:45 AM



Senators Kerr and Gardner wrapped up their presentation of House Bill 17-1265. The committee discussed the merits of the bill.