The 2025 legislative session commenced January 8 and will continue for up to 120 days.

Below you’ll find summaries of proposed legislation affecting Colorado PERA. The status of each bill will be updated regularly.

Last updated: January 15, 2025

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SB25-028

Public Employees’ Retirement Association Risk-Reduction Measures

Summary: Codifies into state law certain reporting practices the PERA Board already performs on a regular basis and modifies the cadence of those reports, including actuarial experience studies and independent reviews of actuarial audits.

Sponsors: Rep. Eliza Hamrick, Rep. Rick Taggart, Sen. Chris Kolker

Status: Introduced Jan. 8, scheduled for hearing in Senate Finance Committee Feb. 4.

HB25-1052

Income Tax Credit for Public Employees’ Retirement Association Retirees

Summary: Creates a temporary refundable tax credit of $700 for qualifying PERA retirees. To qualify, a retiree would have to be 65 or older at the end of tax year 2025 or 2026, and have annual gross income of no more than $38,000 for single tax filers or $76,000 for joint filers.

Sponsors: Rep. Eliza Hamrick, Rep. Rick Taggart, Sen. Chris Kolker

Status: Introduced Jan. 8, scheduled for hearing in House Finance Committee Jan. 27.