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CO HB1105

Bill

Official Source

Status

Passed

5/23/2025

Primary Sponsor

Jennifer Bacon

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Effective July 1, 2025, sets the Denver Public Schools (DPS) Division employer contribution rate at 7.4% and member rate at 10.0%, compared to 10.4% employer rate for the State and School divisions
  • Reduces the DPS health care trust fund employer contribution from 1.02% to 0.2% of member salaries
  • Excludes the DPS Division from receiving direct distribution allocations from PERA until July 1, 2030, after which DPS will be included in the allocation formula
  • Prior to July 1, 2030, excludes DPS from the "blended total contribution" calculations used to determine contribution rate adjustments; DPS will be included in these calculations beginning July 1, 2030
  • Relates to the ongoing equalization of the DPS Division with PERA's School Division following the merger of the Denver Public Schools Retirement System with PERA

Legislative Description

Public Employees' Retirement Association True-up of Denver Public Schools Division Employer Contribution

Local Government

Last Action

Governor Signed

5/23/2025

Committee Referrals

Finance4/15/2025
Appropriations3/17/2025
Finance1/27/2025

Full Bill Text

No bill text available