In 2010, PERA was one of the first public retirement plans in the country to proactively recommend responsible reforms based on the concept of shared sacrifice – where all members gave up something – in order to ensure PERA’s long-term sustainability. In a bipartisan fashion, the Colorado General Assembly enacted SB 1 to make PERA stronger for everyone.
SB 1 also required that PERA report to the General Assembly on the effectiveness of SB 1 every five years. PERA will release the first report before January 1, 2016.
A few key legislators reflect on this landmark legislation five years after its enactment. Watch video.
https://www.youtube.com/watch?v=WlCmdghXdqI
