HB 1400 CO

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Became Law

Current law requires the state treasurer to issue a warrant in the amount of $225 million to the public employees' retirement association (PERA) on July 1 of each year as a direct distribution (direct distribution) and requires PERA to allocate the direct distribution to the trust funds of each division of PERA as it would an employer contribution, in a manner that is proportionate to the annual payroll of each division, except in certain circumstances. The act changes the allocation of the direct distribution by specifying that, beginning with the direct distribution occurring on July 1, 2026, and on July 1 of each year thereafter, PERA is required to allocate the direct distribution to the trust funds of each division of PERA on an actuarial basis to maximize PERA's blended total contribution amount in a manner that limits, to the extent possible, the triggering of automatic adjustment provisions, which are triggered when PERA's divisions fall below a targeted level of funding. Beginning July 1, 2026, the act prohibits PERA from allocating any portion of the direct distribution to the local government division or the Denver public schools division; except that, beginning July 1, 2030, the Denver public schools division is no longer excluded.     The act also changes the amount of PERA employer contributions that are allocated to the health care trust fund from 1.02% of member salaries to 0.52% of member salaries.(Note: This summary applies to this bill as enacted.)

• E. Sirota Democratic · sponsor
• R. Taggart Republican · sponsor
• J. Bridges Democratic · sponsor
• B. Kirkmeyer Republican · sponsor
• K. Brown Democratic · sponsor
• J. Amabile Democratic · sponsor

1. Jun 1, 2026 Governor Signed · executive
2. May 29, 2026 Sent to the Governor · executive
3. May 29, 2026 Signed by the President of the Senate · upper
4. May 29, 2026 Signed by the Speaker of the House · lower
5. Apr 16, 2026 Senate Third Reading Passed - No Amendments · upper
6. Apr 15, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 14, 2026 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. Apr 13, 2026 Introduced In Senate - Assigned to Appropriations · upper
9. Apr 11, 2026 House Third Reading Passed - No Amendments · lower
10. Apr 10, 2026 House Third Reading Laid Over Daily - No Amendments · lower
11. Apr 9, 2026 House Second Reading Special Order - Passed - No Amendments · lower
12. Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
13. Apr 6, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
14. Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower