
<p>Retirement insights from a Colorado PERA perspective</p>



<p></p>


A distant view shows a mountainous landscape with sloping peaks, green trees in the foreground, and a cloudy sky above.


<h2 class="wp-block-heading h5"><a href="https://coloradosun.com/2026/04/01/colorado-budget-draft-billion-shortfall-2026/" target="_blank" rel="noreferrer noopener"><strong>Lawmakers Finish Drafting Colorado’s Budget with Final Round of Major Cuts to Address Roughly $1.5 Billion Shortfall | The Colorado Sun</strong></a></h2>



<p>State lawmakers are working on finalizing the fiscal year 2026-2027 budget after months of work to identify approximately $1.5 billion in spending cuts. Medicaid costs account for a large portion of state spending and were also a major focus of budget cuts. Once the Legislature approves a budget, it will go to Governor Jared Polis for action.</p>



<h2 class="wp-block-heading h5"><a href="https://files.constantcontact.com/363ae74e201/e377eac1-5b13-469c-9826-ad4a987045b0.pdf?rdr=true" target="_blank" rel="noreferrer noopener"><strong>The Hazards of Mandating Social Security for the Public Sector (PDF) | Coalition to Preserve Retirement Security</strong></a></h2>



<p>Like many public employees across the country, most PERA members do not participate in Social Security for their retirement or survivor and disability benefits. There are sometimes calls to mandate Social Security for all public employees, but a new report highlights the significant added costs and other issues that could arise from requiring participation.</p>



<h2 class="wp-block-heading h5"><a href="https://www.usatoday.com/story/money/2026/04/04/retirement-age-in-america-social-security-medicare/89439716007/" target="_blank" rel="noreferrer noopener"><strong>What’s the Real Retirement Age in America? Here are 4 Guesses | USA Today</strong></a></h2>



<p>When do American workers actually retire? It can vary widely based on personal circumstances, but according to some research, the average retirement age has been inching upward over the past several decades.</p>



<h2 class="wp-block-heading h5"><a href="https://www.nerdwallet.com/finance/learn/financial-literacy-quiz" target="_blank" rel="noreferrer noopener"><strong>Financial Literacy Quiz: How Much Do You Know About Money? | NerdWallet</strong></a></h2>



<p>April is Financial Literacy Month, which provides a great opportunity to test your own knowledge about money. This quiz from NerdWallet covers the basics on topics such as taxes, saving, and debt.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Colorado Lawmakers Finalizing State Budget


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.plansponsor.com/senate-help-hearing-spotlights-social-security-reforms-early-retirement-savings/" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>Senate HELP Hearing Spotlights Social Security Reforms, Early Career Savings  | PLANSPONSOR</strong></a></h2>



<p>The Senate Committee on Health, Education, Labor and Pensions recently held a hearing to discuss the current and future states of American workers’ retirement savings. The hearing covered topics such as Social Security, automatic savings, and long-term care, as well as potential legislative solutions.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.investopedia.com/trump-indicates-that-he-s-looking-into-a-retirement-system-that-s-like-the-11862180" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>Trump Signals Interest in Australia’s Retirement System: Here&#8217;s How The US Is Different | Investopedia</strong></a></h2>



<p>President Trump has expressed admiration for Australia’s retirement savings system and suggested the United States could learn a few things from the land down under. Australia’s retirement system is one of the largest in the world and is notable for its reliance on employer-funded benefits that reduce savings pressure on individual employees.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://apnews.com/article/social-security-trump-administration-retirement-a94ced488f2e052a5d9df39021701195" target="_blank" rel="noreferrer noopener"><strong>Social Security Administration to Cut Office Visits in Half. What It Means for You. | AP News</strong></a></h2>



<p>The Social Security Administration, which has eliminated thousands of staff positions and moved more services online, is aiming to reduce visits to its local field offices next year. The agency set a target of no more than 15 million in-person visits for 2026, which is about a 50% reduction from the more than 31 million who visited field offices this year.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://money.com/economist-predictions-for-retirement/" target="_blank" rel="noreferrer noopener"><strong>What Economists Predict for Retirees Over the Next 10 Years | Money</strong></a></h2>



<p>What do 2026 and the years beyond have in store for retirees’ finances? It’s hard to say with certainty, but economists can offer up some predictions on factors like inflation and interest rates that are likely to have an impact on personal finance in the coming years.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Senate Committee Holds Hearing on Retirement Savings


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.investopedia.com/find-out-if-you-qualify-for-the-new-senior-tax-break-11858237" class="broken_link"><strong>Find Out If You Qualify for the New Senior Tax Break | Investopedia</strong></a></h2>



<p>The federal tax and spending bill known as the One Big Beautiful Bill Act introduced a new deduction for taxpayers who are 65 or older. The new $6,000 deduction applies to tax years 2025 through 2028 and phases out for higher earners.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://coloradosun.com/2025/11/25/gov-polis-pera-pension-budget-cuts-2026-2027/"><strong>Polis Proposes Cuts to Colorado PERA Payments | The Colorado Sun</strong></a></h2>



<p>As part of his proposal to balance the State budget for the next fiscal year, Governor Jared Polis is recommending a temporary 1% reduction in PERA contributions for employers in the State Division. The General Assembly will be responsible for passing a final budget when the 2026 legislative session gets underway in January.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cbsnews.com/news/medicare-drug-prices-15-medications-trump-biden-savings/"><strong>Medicare Negotiates Lower Prices on 15 Popular Medications. Will It Save You Money? | CBS News</strong></a></h2>



<p>The federal government has added 15 more prescription medications to its list of drugs that Medicare enrollees will pay lower prices for. The new list includes popular diabetes/weight loss drugs Ozempic and Wegovy, as well as other widely used medications for a variety of conditions. The new, lower prices go into effect in 2027.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cnbc.com/2025/11/18/new-social-security-scam.html"><strong>New Social Security Scam Uses ‘High Pressure’ Scare Tactics. What To Watch For. | CNBC</strong></a></h2>



<p>Officials are warning about a new scam that aims to pressure unsuspecting victims into providing personal information or money. The scammers have been sending official-looking emails claiming a person’s Social Security number is associated with fraud and warning the individual could face criminal charges.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Who Qualifies for the New Senior Tax Deduction?


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.intuit.com/blog/global-stories/financial-literacy-ranking-by-state/" target="_blank" rel="noreferrer noopener"><strong>Financial Literacy by State: 2025 Rankings | Intuit</strong></a></h2>



<p>A new ranking puts Colorado in the middle of the pack when it comes to financial literacy among high schoolers. Intuit ranked states on factors such as required coursework, test scores, and youth employment rate, giving Colorado a score of 9.3 out of 18 possible points. It’s worth noting a new state law will require all Colorado high school students to take a financial literacy course in order to graduate.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cbsnews.com/colorado/news/colorado-teetering-recession-governors-budgeting-office/" target="_blank" rel="noreferrer noopener"><strong>Colorado is Teetering on the Edge of a Recession, Governor&#8217;s Planning, Budgeting Director Says | CBS Colorado</strong></a></h2>



<p>State lawmakers will have to deal with yet another budget shortfall during next year’s legislative session. The latest forecasts show the state will once again have to cut hundreds of millions of dollars in spending, driven largely by increases in Medicaid costs. Lawmakers will get their next quarterly update in December, and the legislative session begins in January.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cnbc.com/2025/09/17/federal-social-security-payments-electronic.html" target="_blank" rel="noreferrer noopener"><strong>Social Security payments, federal benefits go electronic Sept. 30 | CNBC</strong></a></h2>



<p>Say “goodbye” to paper checks from the federal government. If you receive Social Security benefits, you’ll now have to be signed up for direct deposit to receive your benefit payments. The shift away from paper checks is intended to cut down on fraud while also saving the government money. The change will also apply to tax refunds and other federal payments going forward.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://money.com/taxes-in-retirement/" target="_blank" rel="noreferrer noopener"><strong>You’re Retiring. Get Ready for These Tax Changes | Money</strong></a></h2>



<p>Retirement is more than just a change in employment—it also brings some important changes to your finances. Here are some important tax considerations to keep in mind if you’re approaching retirement and are expecting to draw from Social Security and other savings.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: New Report Ranks Colorado on Financial Literacy


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.denver7.com/follow-up/state-unveils-10-year-plan-to-address-needs-among-colorados-growing-older-population" target="_blank" rel="noreferrer noopener"><strong>State Unveils 10-Year Plan to Address Colorado&#8217;s Growing Older Population | Denver7</strong></a></h2>



<p>The State of Colorado has released a strategic plan that aims to address the needs of older citizens over the next decade. The plan incorporates five goals to support the well-being of aging Coloradans, from improving access to health care and other services to boosting economic security.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cnbc.com/2025/08/14/social-security-90-anniversary-future-changes.html" target="_blank" rel="noreferrer noopener"><strong>Social Security Turns 90. Here’s What Could Happen to Future Benefits | CNBC</strong></a></h2>



<p>Ninety years ago this month, President Franklin D. Roosevelt signed the Social Security Act, creating the Social Security program that has become a vital source of income for many aging and disabled Americans. As the program hits a major milestone, there are multiple efforts underway to improve Social Security’s finances so it will remain secure going forward.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://apnews.com/article/trump-crypto-401k-private-equity-retirement-plans-d7fdae32d904c9454f4d4eb0b12b88ef" target="_blank" rel="noreferrer noopener"><strong>Trump Opens the Door for Private Equity and Crypto as 401(k) Options | AP News</strong></a></h2>



<p>President Trump signed an executive order that will allow employer-based retirement plans like 401(k)s to include private assets—such as private equity, cryptocurrency, or real estate—in their investment offerings. It’s not yet clear what those types of funds might look like, and experts say workers will want to carefully consider risks and costs associated with such assets.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.investopedia.com/most-americans-know-having-a-will-is-important-yet-less-than-a-third-have-one-11791679" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>Most Americans Know Having a Will is Important, Yet Less Than a Third Have One | Investopedia</strong></a></h2>



<p>A recent survey found the number of Americans who have created a will has declined, despite a majority of people understanding the importance of having one. Fewer than a quarter of people who responded to the Caring.com survey said they have a will, down from 33% in 2022.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Colorado Releases 10-Year Plan on Aging


<p>PERA’s executive leadership team hosted two Town Halls on Tuesday, July 1 to provide updates on PERA and take questions from members and retirees.</p>



<p>CEO/Executive Director Andrew Roth was joined by Chief Investment Officer/Chief Operating Officer Amy C. McGarrity, Chief Benefits Officer Patrick Lane, and Chief Administrative Officer Jeremy Hill.</p>



<p>Below are clips of some of the executives’ answers to participant questions.</p>



<p>Full recordings of each Town Hall are available at <a href="https://copera.org/townhall" target="_blank" rel="noreferrer noopener" class="broken_link">copera.org/townhall</a>.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">How did PERA’s investment portfolio perform in 2024?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-investment-performance.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/amy-investments-2.jpg" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-investment-performance.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>McGarrity highlighted PERA’s financial results from 2024, as reported in the recently released 2023&nbsp;<em>Annual Comprehensive Financial Report</em> (ACFR).</p>



<p>“For the year ended December 31, 2024, PERA’s investment portfolio earned a return of 10.8% net-of-fees,” McGarrity said. “The value of the total defined benefit fund was $66.7 billion and our funded status was 69.2%.”</p>



<p>Based on 2024’s financial results, PERA remains on track to meet its funding goals. That means there will be no adjustments to contribution rates and all eligible benefit recipients will receive a 1.0% increase this July and most, if not all, will receive 1.0% in July 2026.</p>



<p>View more highlights from the 2024 <em>ACFR</em> at <a href="https://copera.org/snapshot" target="_blank" rel="noreferrer noopener">copera.org/snapshot</a>.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">If PERA’s investments earned positive returns in 2024, why aren’t retirees getting a bigger Annual Increase?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-annual-increase.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/andrew-annual-increase.png" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-annual-increase.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>Roth acknowledged that the <a href="https://copera.org/retirees/benefit-basics-for-retirees/annual-benefit-increases" target="_blank" rel="noreferrer noopener">1% Annual Increase</a> retirees have received in recent years has been a challenge and reiterated that while PERA has unfunded liabilities, the Annual Increase is limited under state law to keep the plan on track to full funding.</p>



<p>“The good news is because we’re having strong investment returns, there is no decrease to the Annual Increase,” Roth said.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">What will happen to my PERA benefits if there’s a recession?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-recession.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/amy-recession-2.jpg" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-recession.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>“First and foremost, nothing happens to the benefits that are being paid,” McGarrity said, affirming that PERA would continue to pay earned benefits if there were a downturn in the economy.</p>



<p>As far as PERA’s portfolio is concerned, McGarrity said that because PERA is invested in the markets, it would likely experience the effects of a recession. However, the Board’s focus is on achieving returns <a href="https://copera.org/pera-on-the-issues/how-colorado-pera-invests-for-long-term-retirement-security" target="_blank" rel="noreferrer noopener">over the course of decades</a>, regardless of what happens in any one year.</p>



<p>“That’s really why the Board underscores a strategic approach and remains invested in the asset classes across the markets through various environments in order to achieve our very long-term objectives,” she said.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">Does the repeal of the Windfall Elimination Provision and Government Pension Offset through the Social Security Fairness Act mean PERA members have to start contributing to Social Security?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-social-security.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/andrew-social-security.jpg" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-social-security.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>“The short answer is no changes that resulted from the Social Security Fairness Act will impact PERA members with regard to their contributions,” Roth said, adding that PERA serves as a <a href="https://copera.org/retirees/benefit-basics-for-retirees/pera-and-social-security" target="_blank" rel="noreferrer noopener">substitute for Social Security</a> for most members, and a person’s PERA benefit is never affected by any other benefit they may receive.</p>



<p>PERA members who were previously affected by WEP or GPO will no longer see reductions in their Social Security benefits since those two provisions have been repealed.</p>



<p>For more information on the Social Security Fairness Act, visit <a href="https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html?tl=2%2C6%2C10" target="_blank" rel="noreferrer noopener">ssa.gov</a>.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">What can retirees expect for PERACare plans in 2026?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-peracare.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/patrick-peracare-2.png" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-peracare.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>“We will continue to offer the same plans and carriers for our Medicare and pre-Medicare offerings in the 2026 plan year,” Lane said. “We’re still in the process of finalizing premium information, but we do expect premiums to go up across the board next year, so I want to be very transparent about that.”</p>



<p>Lane added that while PERA does its best to negotiate competitive rates with PERACare carriers, there are many factors that affect premiums and other health plan costs, such as rising costs for services and prescription drugs and regulatory changes at the federal level.</p>



<p>We’ll have more information on 2026 PERACare premiums in the fall.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">How do I know when I can retire and how much my monthly benefit will be?</h2>



<div class="wp-block-advgb-video advgb-video-block full-width" data-video="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-when-can-i-retire.mp4" data-source="local" data-video-attr="controls,playsinline" data-video-preload="metadata"><div class="advgb-video-wrapper full-width no-lightbox"><video class="full-width" height="450" poster="https://content.copera.org/wp-content/uploads/2025/07/patrick-retirement.jpg" controls preload="metadata" playsinline><source src="https://content.copera.org/wp-content/uploads/2025/07/2025-TH-when-can-i-retire.mp4"/>Your browser does not support HTML5 video.</video></div></div>



<p>“The <a href="https://copera.org/app" target="_blank" rel="noreferrer noopener">PERA mobile app</a> is a really valuable tool to help you through this process,” Lane said. “It has calculators, it can help you determine your dates for eligibility to receive benefits, and it can help you go through some hypothetical scenarios that would help you gain a better understanding of your retirement.”</p>



<p>Lane also pointed out other tools and resources that are available on PERA’s website, including <a href="https://www.copera.org/welcome-pera-members/benefit-basics/highest-average-salary-tables" target="_blank" rel="noreferrer noopener">highest average salary tables</a>, <a href="https://content.copera.org/webinars/" target="_blank" rel="noreferrer noopener">webinars</a>, and <a href="https://www.copera.org/forms-resources/video-library" target="_blank" rel="noreferrer noopener">educational videos</a>.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size">Town Hall recordings</h2>



<p>For full recordings of both Town Halls, visit&nbsp;<a href="https://copera.org/about/pera-town-hall" target="_blank" rel="noreferrer noopener">copera.org/townhall</a>.</p>


PERA Executives Give Updates, Take Questions at 2025 Town Halls


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://apnews.com/article/social-security-medicare-trust-fund-trump-74e13292f510739724a555d7ded7c1a3" target="_blank" rel="noreferrer noopener"><strong>Medicare and Social Security Go-Broke Dates Pushed Up | AP News</strong></a></h2>



<p>This year’s annual assessment of the Social Security and Medicare trust funds found the programs could be forced to begin cutting benefits even sooner than previously expected, if the government doesn’t take action. Social Security is expected to deplete its trust funds one year sooner than last year’s estimate, while Medicare’s hospital insurance fund is expected to run out of cash three years earlier.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.reuters.com/business/fed-set-hold-rates-steady-middle-east-crisis-tariffs-cloud-outlook-2025-06-18/" target="_blank" rel="noreferrer noopener"><strong>Fed Keeps Rates Steady but Pencils in Two Cuts by End of 2025 | Reuters</strong></a></h2>



<p>The Federal Reserve is cautiously keeping its key interest rate unchanged for the time being due to concerns over inflation ratcheting back up. Chair Jerome Powell said that while inflation has been low in recent months, it’s possible prices will rise as the full effects of tariffs are realized. However, experts say rate cuts later this year are still possible.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.planadviser.com/workers-dont-expect-succeed-saving-retirement/" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>Workers Don’t Expect to Succeed in Saving for Retirement | PLANADVISER</strong></a></h2>



<p>If you ask people if their generation has it harder than their parents’ generation, 8 times out of 10 they’ll say “yes,” according to a recent report by the Transamerica Center for Retirement Studies. The survey found that across generations, Americans say they’re struggling to meet their financial needs and save for retirement. The good news is employer-based retirement plans are a vital part of retirement success and more than three-quarters of Generation Z say they’re saving for retirement.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://coloradosun.com/2025/06/16/aging-in-colorado-housing-crisis/" target="_blank" rel="noreferrer noopener"><strong>As Colorado Ages, Seniors are Colliding with the Housing Crisis | The Colorado Sun</strong></a></h2>



<p>The Colorado Sun continues its series on aging in Colorado with an article that explores how the state’s seniors—the fastest-growing demographic group—are finding themselves dealing with the housing affordability crisis as they search for homes that meet their needs.</p>



<p></p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Social Security, Medicare Finances Worsen


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://coloradosun.com/2025/06/04/pera-colorado-law-enforcement-funding-deal-proposition-130/" target="_blank" rel="noreferrer noopener"><strong>How PERA Could Be the Big Winner of Colorado’s Police Funding Deal | The Colorado Sun</strong></a></h2>



<p>One of the PERA-related bills that lawmakers passed during the recently concluded legislative session uses a unique funding mechanism for the voter-approved Proposition 130, which creates a fund to support public safety in Colorado. Under the bill, the State will give PERA a lump sum of $500 million and then may reduce its annual payments to PERA in future years based on our investment earnings, until the public safety fund reaches a total of $350 million.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.cbsnews.com/news/social-security-fairness-act-payments-june-2025/" target="_blank" rel="noreferrer noopener"><strong>Social Security Says over 2.5 million Retroactive Payments Have Been Processed. Here&#8217;s What to Know. | CBS News</strong></a></h2>



<p>The Social Security Administration says it has processed the majority of retroactive payments due to beneficiaries who had previously been affected by the Windfall Elimination Provision (WEP) and/or Government Pension Offset (GPO). The agency said that while affected individuals should have received their retroactive payments by the end of March and their updated benefit amounts in April, more complicated cases that require manual processing will take more time.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.npr.org/sections/shots-health-news/2025/06/04/nx-s1-5423538/medicare-drug-price-negotiations-ozempic-otezla" target="_blank" rel="noreferrer noopener"><strong>Medicare seeks lower prices for drugs, including Ozempic : Shots &#8211; Health News : NPR</strong></a></h2>



<p>The Centers for Medicare and Medicaid Services has begun its second round of price negotiations with prescription drug manufacturers. The agency is targeting 15 drugs for lower prices, including popular weight-loss medications Ozempic and Wegovy. Any lower prices would go into effect in 2027.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.investopedia.com/emergency-fund-for-retirement-11741359" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>Retired? Here&#8217;s 5 Reasons You Still Need an Emergency Fund—Plus How Much It Should Cover | Investopedia</strong></a></h2>



<p>If you’re retired, you may be thinking more about withdrawals from your savings rather than stashing away extra cash, but experts say it’s important to keep saving. Unexpected expenses such as medical bills, home repairs, and other emergencies can wreak havoc on any budget and especially for someone on a fixed income.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: PERA Could Benefit from Public Safety Law


<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.aspentimes.com/news/colorado-legislature-votes-to-add-financial-literacy-to-list-of-high-school-graduation-requirements/" target="_blank" rel="noreferrer noopener"><strong>Colorado Legislature Votes to Add Financial Literacy to List of High School Graduation Requirements | The Aspen Times</strong></a></h2>



<p>Students in all of Colorado’s public school districts may soon be required to take a course in financial literacy to graduate from high school. House Bill 1192, which passed the Legislature, also directs school districts to provide students with help filling out financial aid forms. If signed into law, the bill takes effect for students starting high school in 2026 and later.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.newsnationnow.com/business/your-money/social-security-fairness-act-increase-missing/" target="_blank" rel="noreferrer noopener"><strong>Social Security Benefit Increase Missing? Here&#8217;s What to Do | NewsNation</strong></a></h2>



<p>Many retirees who were previously affected by the Windfall Elimination Provision (WEP) or Government Pension Offset (GPO) have received their new Social Security benefit payments and any applicable retroactive payments by now. However, officials said some more complicated cases would need manual processing and would take additional time. Here’s the latest on where things stand.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://www.napa-net.org/news/2025/4/hickenlooper-reintroduces-federally-run-retirement-plan-bill/?utm_source=MagnetMail&amp;utm_medium=email&amp;utm_term=ksevits%40copera%2Eorg&amp;utm_content=COM%5FNAPA%5FeNews%5F05%2E02%2E2025%5FDaily%5FFri&amp;utm_campaign=Hickenlooper%20Reintroduces%20Federally%20Run%20Retirement%20Plan%20Bill" target="_blank" rel="noreferrer noopener"><strong>Hickenlooper Reintroduces Federally Run Retirement Plan Bill | National Association of Plan Advisors</strong></a></h2>



<p>Sen. John Hickenlooper (D-CO) has reintroduced a bill that would create a federally run retirement plan to cover private-sector workers who aren’t covered through their employer. Supporters say the bill would improve the retirement security of lower-income workers, but the bill has faced opposition in the past from those who argue a federal plan would crowd out existing employer-based retirement plans.</p>



<h2 class="wp-block-heading has-medium-font-size h5"><a href="https://finance.yahoo.com/news/20-most-searched-financial-terms-150116759.html" target="_blank" rel="noreferrer noopener"><strong>20 Most Searched Financial Terms in the US | GoBankingRates via Yahoo! Finance</strong></a></h2>



<p>When it comes to assessing what Americans know about money and what they don’t, you can learn a lot from online searches. A new study looked at which financial words and phrases people search Google for the most, and the results show a wide range of terms such as interest rates, capital, and equity. Here are the most-searched terms and explanations of what they mean.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Financial Literacy Bill Passes Colorado Legislature


<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size"><a href="https://www.coloradopolitics.com/news/colorado-budget-cuts/article_21095d25-b442-45db-b75a-00bd4cd69f2e.html" target="_blank" rel="noreferrer noopener">$43.9 Billion Budget Bill Introduced in Colorado Senate | Colorado Politics</a></h2>



<p>State lawmakers have been working to build out the budget for the next fiscal year while trying to fill a $1.2 billion funding hole, and they released their proposal this week. In total, the budget calls for $43.9 billion in spending with dozens of accompanying bills that cut or transfer funds to fill the budget shortfall.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size"><a href="https://coloradosun.com/2025/04/01/amgen-enbrel-price-cap-lawsuit-dismissed/" target="_blank" rel="noreferrer noopener">Enbrel Maker&#8217;s Effort to Stop Colorado from Capping Drug Price Dismissed | The Colorado Sun</a></h2>



<p>The Legislature created the Colorado Prescription Drug Affordability Board in 2021 with the goal of reviewing the affordability of prescription drugs and capping the prices of medications deemed to be too unaffordable. Drugmaker Amgen filed a lawsuit trying to prevent the Board from capping the price of its autoimmune drug Enbrel, but a judge dismissed the suit.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size"><a href="https://www.npr.org/2025/03/26/nx-s1-5341780/social-security-administration-identity-requirements" target="_blank" rel="noreferrer noopener">Social Security Officials Partially Walk Back Plans for In-Person Verification | NPR</a></h2>



<p>After previously announcing that some Social Security beneficiaries would need to verify their identities in-person at a Social Security office, the Social Security Administration is updating its policy and moving its deadline. The agency now says the in-person requirement will only apply to people who are trying to access retirement, survivor, or auxiliary benefits and who are unable to verify their identity online.</p>



<h2 style="color:#000000;" class="wp-block-heading has-black-color has-text-color has-medium-font-size"><a href="https://www.marketplace.org/shows/marketplace-tech/the-sec-invites-cryptocurrency-supporters-and-skeptics-to-the-table/" target="_blank" rel="noreferrer noopener" class="broken_link">The SEC Holds its First Cryptocurrency Roundtable | Marketplace</a></h2>



<p>The Securities and Exchange Commission (SEC), which enforces regulations in financial markets, held its first roundtable meeting on cryptocurrencies last month. The question at the center of the agency’s discussion is whether the SEC should regulate cryptocurrencies the same way it regulates stocks and bonds.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


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