CO HB1044

Allows school and Denver public school employers with student enrollment greater than 10,000 to hire one additional service retiree for each 1,000 enrolled students beyond the existing limit of 10 retirees, in addition to those hired under existing provisions.

Service retirees hired under the new provision may receive full salary without benefit reduction if employment does not exceed 140 days per year (or 916 hours for part-time work), with the same work restrictions as existing retirees.

Limits employment period to a maximum of 6 consecutive years from the date the service retiree began work under the expanded hiring provisions.

Requires employers to provide lists to the Public Employees' Retirement Association (PERA) of all employed service retirees by September 1 of each calendar year and update the list before additional hirings.

Mandates PERA submit comprehensive reports to the legislature by December 1, 2025, and every five years thereafter regarding employment of service retirees, addressing shortages, costs, and program effectiveness; reporting requirement continues indefinitely.

Effective July 1, 2024.