CO SB113

Establishes maximum employer contribution rates for Public Employees' Retirement Association (PERA) beginning January 1, 2018, and each calendar year thereafter, using 2018 rates as the permanent cap.

Sets maximum contribution rates (employer contribution plus amortization equalization disbursement and supplemental amortization equalization disbursement) as follows: state division 20.15% (22.85% for state troopers), school division 20.15%, Denver public schools division 20.15%, local government division 13.70%, and judicial division 17.36% of total payroll.

Prohibits total employer contributions from exceeding the specified rates for any PERA division in the 2018 calendar year and all future calendar years.

Takes effect August 9, 2017, unless a referendum petition is filed, in which case it becomes effective only if approved by voters at the November 2018 general election.