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CO SB068
Bill
Status
Introduced
1/14/2014
Primary Sponsor
Kent Lambert
Click for details
AI Summary
- Increases retirement age for Public Employees' Retirement Association (PERA) members from 58 or 60 years old to 65 years old to receive full retirement benefits
- Maintains 30 years of service credit requirement for full retirement eligibility, excluding state troopers
- Modifies age-plus-service eligibility formula from 88 to 95 years for school division members, and from 90 to 95 years for non-school members
- Applies only to PERA members who were not active, inactive, or retired members on December 31, 2016
- Takes effect 90 days after final adjournment of the 2014 legislative session (August 6, 2014) unless subject to voter approval through referendum petition
Legislative Description
Retirement Age For PERA Members
Last Action
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
2/5/2014
Committee Referrals
State, Veterans, & Military Affairs1/14/2014
Full Bill Text
No bill text available