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HB 1026 CO
Became Law

Expanding Plan Options for PERA

CO · session 2026A · Assembly / House · bill

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Introduced Jan 14, 2026

Latest action (Jun 1, 2026) Introduced In House - Assigned to Finance

Summary

This bill would expand service credit purchasing options for Colorado PERA members to include previous periods of unemployment when the member was 21 years old or older. The bill would require PERA's voluntary investment program to offer both tax-deferred and Roth voluntary contribution options. The bill would require all PERA employers to affiliate with and offer PERA's deferred compensation plan to their employees, with the plan offering both pre-tax and Roth voluntary contribution options. The measure would provide PERA members and employers with expanded retirement saving and contribution choices.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

Under current law, a member of the public employees' retirement association (PERA) earns service credit for each year worked during which the member makes contributions to PERA. A member may purchase additional years of service credit for any previous period of public or private employment during which the member was not making contributions to PERA, subject to certain conditions. The act allows a member of PERA to also purchase service credit for previous periods of unemployment during which the member was 21 years old or older, subject to certain conditions.     The act requires PERA's voluntary investment program to include options for an employee to make tax-deferred voluntary contributions and Roth voluntary contributions. The act requires PERA employers to affiliate with PERA's deferred compensation plan and requires PERA employers to offer the deferred compensation plan to employees. The deferred compensation plan must include options for an employee to make pre-tax voluntary contributions and Roth voluntary contributions.(Note: This summary applies to this bill as enacted.)

Sponsors (3)
23 coauthors / cosponsors

Action history (17)
  1. Jun 1, 2026 Governor Signed · executive
  2. May 19, 2026 Sent to the Governor · executive
  3. May 19, 2026 Signed by the President of the Senate · upper
  4. May 19, 2026 Signed by the Speaker of the House · lower
  5. May 4, 2026 House Considered Senate Amendments - Result was to Concur - Repass · lower
  6. Apr 24, 2026 House Considered Senate Amendments - Result was to Laid Over Daily · lower
  7. Apr 23, 2026 Senate Third Reading Passed - No Amendments · upper
  8. Apr 22, 2026 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
  9. Apr 22, 2026 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
  10. Mar 24, 2026 Senate Committee on Finance Refer Amended to Appropriations · upper
  11. Mar 10, 2026 Introduced In Senate - Assigned to Finance · upper
  12. Mar 5, 2026 House Third Reading Passed - No Amendments · lower
  13. Mar 4, 2026 House Third Reading Laid Over Daily - No Amendments · lower
  14. Mar 3, 2026 House Second Reading Special Order - Passed - No Amendments · lower
  15. Feb 27, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
  16. Feb 9, 2026 House Committee on Finance Refer Unamended to Appropriations · lower
  17. Jan 14, 2026 Introduced In House - Assigned to Finance · lower
Subjects
State Government

Full text

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