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Retiree Report – August 2025

In this issue: PERACare open enrollment, your online PERA account, the Social Security Fairness Act, how PERA invests in your future, PERA-related legislation, PERA’s 2024 annual report, PERA’s strategic plan, working after retirement, and the benefits of direct deposit.

Upcoming Open Enrollment for PERACare
Mark your calendar for October 20 through November 20 so you don’t miss PERACare Open Enrollment. PERA will send current PERACare enrollees a 2026 Open Enrollment mailing that details changes for 2026.
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Features of Your Online PERA Account
There are many features available through your online PERA account, including updates to your contact information, access to tax and benefit statements, and forms submission.
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Updates on the Social Security Fairness Act
In February, the Social Security Administration (SSA) began to pay retroactive benefits and increase monthly benefit payments to those who were affected by the now-repealed Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
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How PERA Invests in Your Future
With more than $65 billion under management, our investment team plays a critical role in PERA’s long-term stability and our ability to pay benefits throughout your retirement.
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New PERA-Related Legislation
Colorado’s 2025 legislative session concluded on May 7, with the Colorado Legislature passing four PERA-related bills.
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PERA Releases 2024 Annual Report
The Colorado PERA Board of Trustees approved the release of PERA’s 2024 Annual Comprehensive Financial Report (ACFR) during the June Board meeting. The ACFR contains details on PERA’s finances, investment performance, membership statistics, and funded status for the 2024 calendar year.
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PERA Adopts New Strategic Plan
The Colorado PERA Board of Trustees adopted the 2025-2027 strategic plan at its March meeting. While developing the new strategic plan, PERA’s mission to provide security for members while ensuring the sustainability of the fund remained the core focus.
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Reminders if You Plan to Work After Retirement
Working after retirement can be a great way to fill your time and continue growing professionally, but there are a few things you must do if you plan to work for a PERA employer to avoid impacting your PERA benefit.
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Why Switch to Direct Deposit?
Direct deposit is free and fast, and you’ll receive your benefit payment directly in the bank account of your choice.
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Strength in Change Deduction Update
Retirees who have been contributing $1 (or more) to Strength in Change will no longer see a deduction beginning in July 2025.
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