Bill > HB1105

This bill addresses adjustments to the employer contribution rates for the Denver Public Schools (DPS) Division within the Public Employees' Retirement Association (PERA). Effective July 1, 2025, the bill establishes a new contribution rate table that sets the employer contribution rate for the DPS Division at 7.4% and the member contribution rate at 10.0%. The bill makes several technical changes to how PERA allocates funds and calculates contribution rates, including modifying how direct distributions are allocated and how blended total contribution amounts are calculated. Specifically, the legislation adjusts the health care trust fund contribution from 1.02% to 0.2% of member salaries and changes the rules for how contribution rates can be adjusted up or down based on the difference between actual contributions and actuarially determined contribution rates. These changes are part of the ongoing process of merging the Denver Public Schools Retirement System with PERA, aimed at ensuring financial stability and equitable contribution rates across different divisions of the retirement association. The bill includes provisions that will take effect in stages, with some changes implemented immediately and others beginning July 1, 2030.

Budget and Finance

https://leg.colorado.gov/bills/hb25-1105