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CO HB1142

Bill

Official Source

Status

Introduced

1/20/2012

Primary Sponsor

Brian DelGrosso

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Expands eligibility for the Public Employees' Retirement Association (PERA) defined contribution plan to include all PERA members, not just specified state employees
  • Newly eligible employees receive an initial election period to choose participation in the defined contribution plan
  • Updates employer definitions effective January 1, 2013, to include community colleges governed by the State Board for Community Colleges and Occupational Education
  • Employees hired on or after May 2, 2009, by eligible employers become eligible to elect into the defined contribution plan
  • Takes effect 90 days after final adjournment of the general assembly (August 7, 2012), subject to voter approval if a referendum petition is filed

Legislative Description

New PERA Employee Defined Contribution Plan Choice

Last Action

House Committee on Appropriations Postpone Indefinitely

3/23/2012

Committee Referrals

Appropriations3/1/2012
Finance1/20/2012

Full Bill Text

No bill text available