SB 23-056 CO

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Became Law

To recompense the public employees' retirement association (PERA) for the cancellation of a previously scheduled July 1, 2020, direct distribution of $225 million, House Bill 22-1029, concerning a requirement that the state make an additional direct distribution to the public employees' retirement association to fully recompense the association for the cancellation of a previously scheduled July 1, 2020, direct distribution, required an additional direct distribution to PERA. However, the additional direct distribution did not fully recompense PERA for the cancellation of the previously scheduled direct distribution. To fully recompense PERA, the act requires the state treasurer to issue a warrant to PERA that consists of the balance of the PERA payment cash fund plus $10 million paid from the general fund. The PERA payment cash fund is repealed, effective July 1, 2023. APPROVED by Governor June 2, 2023 EFFECTIVE June 2, 2023 (Note: This summary applies to this bill as enacted.)

• Chris Kolker Democratic · primary
• Shannon Bird · primary
• Ron Weinberg Republican · primary

1. Jun 2, 2023 Governor Signed · executive
2. May 4, 2023 Sent to the Governor · executive
3. May 4, 2023 Signed by the Speaker of the House · lower
4. May 3, 2023 Signed by the President of the Senate · upper
5. Apr 29, 2023 House Third Reading Passed - No Amendments · lower
6. Apr 27, 2023 House Third Reading Laid Over Daily - No Amendments · lower
7. Apr 26, 2023 House Second Reading Special Order - Passed - No Amendments · lower
8. Apr 26, 2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
9. Apr 24, 2023 House Committee on Finance Refer Unamended to Appropriations · lower
10. Apr 19, 2023 Introduced In House - Assigned to Finance · lower
11. Apr 19, 2023 Senate Third Reading Passed - No Amendments · upper
12. Apr 18, 2023 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
13. Apr 18, 2023 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
14. Feb 7, 2023 Senate Committee on Finance Refer Unamended to Appropriations · upper
15. Jan 17, 2023 Introduced In Senate - Assigned to Finance · upper