CO SB028

PERA board must conduct actuarial experience studies every four years, beginning with the 2024 study

PERA board must conduct periodic actuarial audits every four years starting in 2026, incorporating findings from the most recent experience study

Pension review commission's independent review of PERA's economic and investment assumptions changes from every three years to every four years

Independent reviews must occur within three months of each periodic actuarial audit release and must consider the audit's findings

Independent reviewers must be experts not already working on behalf of PERA