Colorado PERA Earns Certificate of Achievement for Annual Financial Report

DENVER—Colorado PERA has earned a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the 2023 Annual Comprehensive Financial Report (ACFR).

In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment, according to GFOA. This is the 39^th year in a row PERA has earned the certificate.

The ACFR contains detailed information about PERA’s finances, funding progress, membership, and benefits. The PERA Board of Trustees releases the report every summer to keep members, retirees, lawmakers and other stakeholders informed about the state of the Defined Benefit Plan trust funds, health care trust fund, Defined Contribution Plan assets, and other aspects of PERA’s financial health.

PERA staff are in the process of preparing the ACFR for the year ended Dec. 31, 2024, which will be released at the PERA Board’s June 27 meeting.

Learn more about PERA’s financial reports and studies.

Colorado PERA provides retirement and other benefits to nearly 700,000 current and former teachers, State Troopers, corrections officers, snowplow drivers, and other public employees who provide valuable service to all of Colorado. PERA is a vital and stable contributor to Colorado’s economy, distributing $4.55 billion in 2023 to more than 114,000 retirees who live in Colorado.