Colorado PERA is embarking on an effort to inform and listen to members, retirees, employers, and taxpayers about reducing PERA’s risk profile while maintaining a sustainable retirement for Colorado’s public employees and strengthening the Colorado economy. Two telephone town hall meetings have been scheduled for members and retirees, followed by 12 community meetings statewide.

This engagement effort follows the regular and rigorous review process of PERA’s actuarial assumptions started last year, when the PERA Board adopted new mortality tables to reflect longer life expectancies, and lowered the expected investment rate of return to better reflect anticipated market conditions. Although PERA remains stable and solvent, able to pay all benefits in perpetuity, these changing economic and demographic conditions have extended the period until PERA reaches full-funded status, increasing the risk facing members, taxpayers, and Colorado.

Additional information:

• The Impact of Assumption Changes
• Actuarial Impact Analysis
• More on the Impact of Assumption Changes

Telephone Town Hall

To ensure PERA remains resilient and built for future generations of Colorado public employees, the telephone town hall will start the conversation about PERA’s funded status and how demographic and economic changes influence overall risk. Greg Smith, PERA Executive Director, will hold an interactive telephone town hall meeting to talk about:

• The external conditions influencing PERA’s funded status
• The community outreach tour
• Ways to join the conversation

On April 27, retirees (at 2:00 p.m.) and active members (at 7:00 p.m.) will automatically be called and able to participate in the town hall. More information is available here. A recording of both calls will be available following the telephone town halls.

Community Outreach Tour

Beginning in May and into June, PERA will conduct a statewide community outreach tour to engage all stakeholders in conversations about the issues and gather input on options to adapt PERA to a growing Colorado and changing environment. No reservation is required and everyone is invited to attend.

Aurora

June 1 | 6:00 p.m.

Summit Event Center, 411 Sable Boulevard

Boulder

May 31 | 6:00 p.m.

Boulder JCC, 6007 Oreg Avenue

Colorado Springs

May 4 | 2:00 p.m. and 6:00 p.m.

Colorado Springs Marriott, 5580 Tech Center Drive

Denver

May 15 | 2:00 p.m. and 6:00 p.m.

PPA Event Center, 2105 Decatur Street

Durango

June 7 | 6:00 p.m.

Holiday Inn & Suites, 21636 Highway 160 West

Fort Collins

May 18 | 2:00 p.m. and 6:00 p.m.

Lincoln Center, 417 W Magnolia Street

Grand Junction

June 5 | 6:00 p.m.

Clarion Inn, 755 Horizon Drive

Greeley

May 8 | 6:00 p.m.

Island Grove Event Center, 421 N 15th Avenue

Pueblo

May 11 | 6:00 p.m.

Pueblo Convention Center, 320 Central Main Street