CO SJR016

Colorado PERA serves approximately 226,000 active public employees across more than 400 government agencies, providing both defined benefit (DB) and defined contribution (DC) retirement plan options as a substitute for Social Security

PERA contributes over $4 billion annually in retirement payments to Colorado residents, serving as an economic driver for the state

The General Assembly recognizes the importance of retirement security and encourages workers to seek financial education to improve retirement readiness and confidence

The resolution recommends the General Assembly consider adding guaranteed lifetime income options to the PERA DC plan and voluntary savings plans (PERAPlus 401(k) and 457 plans) to match the income security available in the DB plan

Copies of the resolution will be sent to relevant legislative committees including Senate and House Finance Committees, the Pension Review Commission, and the Joint Budget Committee