The 2026 legislative session commenced January 14 and concluded May 13.

Below you’ll find summaries and status information for proposed legislation that affects PERA and its members and retirees. We’ll update the status of each bill regularly and encourage you to subscribe to our biweekly newsletter for regular updates. Note that bill summaries describe each bill as introduced and may not reflect all changes.

Last updated: June 2, 2026

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House Bill 1026

Expanding Plan Options for PERA

Summary: Would make changes to PERA provisions related to purchasing service credit and PERA’s 401(k) and 457(b) plans. Under current law, PERA members can purchase service credit based on previous periods of employment; this bill would allow for limited purchases of service credit for periods of unemployment. The bill would also require all PERA-affiliated employers to offer the PERAPlus 401(k) and 457(b) plans, in both pre-tax and Roth options, to their employees.

Sponsors: Rep. Bob Marshall, Rep. Eliza Hamrick, Sen. Chris Kolker

PERA position: Support

Status: Passed; signed by Gov. Polis June 1

House Bill 1027

BOCES Definition & Executive Director

Summary: Under current state law, certain PERA retirees are allowed to return to work for a PERA-affiliated employer without facing a reduction in their PERA benefit. This bill would add executive directors of boards of cooperative services (BOCES) to the list of approved retirees.

Sponsors: Rep. Tammy Story, Sen. Chris Kolker

PERA position: Monitor

Status: Passed; signed by Gov. Polis March 12

House Bill 1062

Expand Deduction for Retirement Benefits

Summary: Under current state law, individuals can deduct a portion of their pension or other annuity income from their taxable income, up to the applicable limit. This bill would remove all caps on the deduction beginning with the 2027 tax year.

Sponsors: Rep. Ron Weinberg

PERA position: Support

Status: Postponed indefinitely

House Bill 1146

Allow Approved Facility Schools Participate in Public Employees’ Retirement Association

Summary: Would allow approved facility schools—programs that serve students with behavioral issues and other special needs—to affiliate with PERA to provide retirement benefits to their employees.

Sponsors: Rep. Jacque Phillips, Rep. Eliza Hamrick, Sen. Chris Kolker, Sen. Cathy Kipp

PERA position: Support

Status: Passed; signed by Gov. Polis April 2

Senate Joint Resolution 016

Improve Retirement Readiness & Financial Well-Being

Summary: Recognizes the importance of retirement security, encourages workers to seek out financial education to improve their retirement readiness, and highlights the importance of lifetime income options in the PERA Defined Contribution Plan and PERAPlus 401(k)/457 Plans.

Sponsors: Sen. William Lindstedt, Rep. Rebekah Stewart

PERA position: Monitor

Status: Adopted

Senate Bill 151

Modify Public Employees Retirement Association Allowed Affiliation and Board of Trustees

Summary: Would expand PERA membership to include employees of DSST chartered under Denver Public Schools, which had previously been exempt from membership as part of the legislation authorizing the merger of Denver Public Schools Retirement System and PERA effective January 1, 2010, and would also make the ex officio Trustee from the Denver Public Schools Division a voting member of the PERA Board.

Sponsors: Sen. Chris Kolker, Sen. Julie Gonzalez

PERA position: Support

Status: Passed; signed by Gov. Polis May 28

House Bill 1400

Adjust Public Employees’ Retirement Association’s Allocations to Trust Funds

Summary: Would give PERA flexibility to allocate the State’s annual $225 million direct distribution to whichever division trust funds would help minimize the likelihood of triggering the Automatic Adjustment Provision, as well as redirect a portion of employers’ health care trust fund contributions to instead help pay off pension liabilities.

Sponsors: Rep. Emily Sirota, Rep. Rick Taggart, Sen. Jeff Bridges, Sen. Barbara Kirkmeyer

PERA position: Support

Status: Passed; signed by Gov. Polis June 1

Senate Bill 023

School Finance Act

Summary: The primary purpose of this bill is to establish public school funding for the 2026-2027 budget. It also adds vice principals, assistant principals, and assistant superintendents to the list of positions eligible to work after retirement without limits under the “critical shortage” designation.

Sponsors: Sen. Chris Kolker, Sen. Barbara Kirkmeyer, Rep. Eliza Hamrick

PERA position: Monitor

Status: Passed; signed by Gov. Polis May 28