SB 25-147 CO

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Became Law

Section 1 of the act defines the board of trustees of the public employees' retirement association (board) as a local public body for purposes of the open meetings law. Section 2 limits the terms of both elected and appointed members of the board to not more than 2 consecutive 4-year terms; except that the state treasurer is not subject to the 2-term limit. A former trustee who has served 2 consecutive terms may be reelected or reappointed to the board after not serving on the board for a period of at least one term. Section 2 also clarifies how such term limits apply in the case of a vacancy appointment. Section 3 requires the board, on and after January 1, 2025, to conduct its meetings in accordance with the open meetings law as a local public body and requires the board to post and regularly maintain and update the public employees' retirement association's (association) website with information including: The notice with specific agenda information, if available, for the board's next public meeting; The policy for and process by which a member of the public may participate in any public meeting of the board; A link or other means of public access to the records of past public meetings of the board; and The official email address of the board. Section 3 also requires that, on or before January 1, 2026, and on or before January 1 of each calendar year thereafter, the board post certain financial information of the association on the association's website. Section 4 clarifies that, while the board may delegate any of its responsibilities, duties, and powers to the executive director of the association or other designated agents, the board retains authority and responsibility for the management of the association and all its statutory duties and powers through a specified existing administrative process. (Note: This summary applies to this bill as enacted.)

• Byron Pelton Republican · primary
• Chris Kolker Democratic · primary
• Lori Garcia Sander Republican · primary
• Meghan Lukens Democratic · primary

1. Jun 3, 2025 Governor Signed · executive
2. May 2, 2025 Sent to the Governor · executive
3. May 2, 2025 Signed by the Speaker of the House · lower
4. May 1, 2025 Signed by the President of the Senate · upper
5. Apr 25, 2025 House Third Reading Passed - No Amendments · lower
6. Apr 24, 2025 House Second Reading Special Order - Passed - No Amendments · lower
7. Apr 21, 2025 House Second Reading Laid Over Daily - No Amendments · lower
8. Apr 17, 2025 House Second Reading Laid Over to 04/21/2025 - No Amendments · lower
9. Apr 15, 2025 House Second Reading Laid Over Daily - No Amendments · lower
10. Apr 11, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
11. Mar 24, 2025 House Committee on Finance Refer Unamended to Appropriations · lower
12. Mar 12, 2025 Introduced In House - Assigned to Finance · lower
13. Mar 12, 2025 Senate Third Reading Passed - No Amendments · upper
14. Mar 11, 2025 Senate Second Reading Passed with Amendments - Floor · upper
15. Mar 7, 2025 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
16. Feb 25, 2025 Senate Committee on Finance Refer Amended to Appropriations · upper
17. Feb 5, 2025 Introduced In Senate - Assigned to Finance · upper