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.

For the 2024 calendar year, the PERA defined benefit plan portfolio earned a return of 10.8% net of fees. The value of the defined benefit trust funds were $66.7 billion and the defined contribution trust funds were $6.7 billion as of December 31, 2024. The combined funded ratio for the State, School, Local Government, Judicial, and DPS Divisions was 69.2%.

The ACFR, an interactive snapshot of report highlights, and the Popular Annual Financial Report (summary version of the ACFR), are all available on the PERA website.

Automatic Adjustment Provision

The Automatic Adjustment Provision (AAP) is reviewed on an annual basis to help ensure the long-term stability of benefits today and in the future. Based on 2024’s financial results, PERA remains on track to meet its funding goal. The true-up calculation of the Denver Public Schools (DPS) Division will reduce the DPS Division employer contribution rate by 3.0% and the allocation to the DPS Division Health Care Trust Fund by 0.82%. Contributions from members and employers, excluding DPS, will remain the same for the next year, along with annual benefit increases paid to retirees.