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Tax-Deferred Interest on PERA Member Contribution Accounts
On July 1, 1991, PERA began crediting tax-deferred interest on PERA member contribution accounts. The initial interest rate was equal to the interest rate earned on 90-day U.S. Treasury Bills at the end of the previous year. The interest rate was not less than the prevailing passbook savings rate in Colorado, nor was it more than the actuarial investment assumption rate. This method of calculating the interest rate was in effect through June 30, 1995.
PERA’s interest rate is set by PERA’s Board of Trustees and beginning July 1, 2004, the interest rate is subject to change annually.
If you refund your PERA member contribution account, you will receive the interest earned as part of your refund.
History of Interest Rate Changes
|
Dates |
Interest Rate Compounded Annually |
January 1, 2009—present |
3.00% |
| July 1, 2004—December 31, 2008 |
5.00% |
| January 1, 2004—June 30, 2004 |
6.80% |
January 1, 1997—December 31, 2003 |
7.00% |
July 1, 1995—December 31, 1996 |
6.80% |
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