2022 is winding down and a new year approaches. As we look ahead to 2023, we’re also taking a look back at the topics that resonated with PERA On The Issues readers this year. We saw a sizeable increase in readers in 2022, with articles related to policy and legislation receiving the most views.
Here are the most-read articles of 2022:
In today’s environment of rising health care costs, the announcement of a reduction in Medicare Part B premiums for 2023 was welcome news for retirees. The reduction is due to a previous overestimate of the cost of covering an expensive new Alzheimer’s drug.
Colorado lawmakers introduced four PERA-related bills during the 2022 legislative session, all of which were signed into law. The bills pertained to working after retirement limits, special district directors, and making up the state’s missed 2020 direct payment to PERA.
Social Security reform is a perennial issue in Washington, DC, and 2022 was no different. There were several bills making their way through Congress that would either modify or repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which can reduce Social Security benefits for public employees. While one of those bills, the Social Security Fairness Act, gained support in Congress and earned the approval of a key committee, lawmakers haven’t taken any further action.
In recent years, the Internal Revenue Service has been making changes to tax policy in an effort to ensure workers have a more accurate amount of tax taken out of their paychecks. Those changes also apply to retirees who receive income from retirement plans like Colorado PERA. For 2023, there is a new version of the W-4P form for pension and annuity accounts and a new form, W-4R, for one-time distributions.
2022 marked the fifth year that PERA has published its annual Investment Stewardship Report, which provides important information about how PERA staff invest funds on behalf of our members. In this article, we covered how the Report has evolved over the years to provide additional transparency and emphasize PERA’s focus on financial sustainability.
Thank you to everyone who read PERA On The Issues and subscribed to our newsletter this year. We’ll continue following and unpacking the issues that matter to PERA’s many stakeholders in 2023. See you then!
Click here to subscribe to the biweekly PERA On The Issues email newsletter.