HB 25-1105 CO

0likes☆Favorite🔕SubscribeShare

Became Law

In accordance with the statutory requirement that the public employees' retirement association (PERA) determine whether the employer contribution rate for the Denver public schools (DPS) division of PERA must be adjusted to assure the equalization of the DPS division's ratio of unfunded actuarial accrued liability over payroll to the PERA school division's ratio of unfunded actuarial accrued liability over payroll at the end of the 30-year period that began on January 1, 2010, beginning on July 1, 2025, the act reduces the total employer contribution rate for the DPS division from 10.4% to 7.4% of salary. In addition, the act: Reduces the percentage of salary that is allocated to the DPS division health care trust fund from 1.02% of member salaries to .20% of member salaries, which will allow PERA to apply the remaining .82% of the allocation to pension liabilities; For 5 years beginning July 1, 2025, excludes the DPS division from the annual allocation of the money that is directly distributed to PERA by the general assembly; and For 5 years beginning July 1, 2025, removes the DPS division from the calculation that PERA annually uses to determine whether an automatic adjustment to member and employer contribution rates and annual increase amounts will occur.(Note: This summary applies to this bill as enacted.)

• Sean Camacho Democratic · primary
• Jennifer Bacon Democratic · primary
• Julie Gonzales Democratic · primary
• Jeff Bridges Democratic · primary

1. May 23, 2025 Governor Signed · executive
2. May 12, 2025 Sent to the Governor · executive
3. May 12, 2025 Signed by the President of the Senate · upper
4. May 12, 2025 Signed by the Speaker of the House · lower
5. Apr 28, 2025 Senate Third Reading Passed - No Amendments · upper
6. Apr 25, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 25, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
8. Apr 22, 2025 Senate Committee on Finance Refer Unamended to Appropriations · upper
9. Apr 15, 2025 Introduced In Senate - Assigned to Finance · upper
10. Apr 14, 2025 House Third Reading Passed with Amendments - Floor · lower
11. Apr 8, 2025 House Third Reading Laid Over Daily - No Amendments · lower
12. Apr 7, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
13. Apr 4, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
14. Mar 17, 2025 House Committee on Finance Refer Amended to Appropriations · lower
15. Jan 27, 2025 Introduced In House - Assigned to Finance · lower