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Bill > SJR016

CO SJR016

CO SJR016
Improve Retirement Readiness & Financial Well-Being

summary

Introduced
03/09/2026
In Committee
04/13/2026
Crossed Over
04/13/2026
Passed
04/15/2026
Dead

Introduced Session

2026 Regular Session

Bill Summary

26-016 BY SENATOR(S) Lindstedt, Amabile, Baisley, Ball, Benavidez, Bridges, Bright, Carson, Catlin, Cutter, Daugherty, Exum, Frizell, Gonzales J., Hinrichsen, Jodeh, Kipp, Kirkmeyer, Kolker, Liston, Marchman, Mullica, Pelton B., Pelton R., Rich, Roberts, Rodriguez, Simpson, Snyder, Sullivan, Wallace, Weissman, Zamora Wilson, Coleman; also REPRESENTATIVE(S) Stewart R., Bacon, Boesenecker, Brown, Camacho, Carter, Clifford, Duran, English, Espenoza, Garcia, Goldstein, Hamrick, Jackson, Joseph, Lindsay, Lukens, Marshall, McCormick, Nguyen, Phillips, Rutinel, Sirota, Slaugh, Smith, Soper, Stewart K., Story, Titone, Valdez, Velasco, Willford, Zokaie, McCluskie. CONCERNING THE IMPROVEMENT OF RETIREMENT READINESS AND FINANCIAL WELL-BEING.

AI Summary

This joint resolution, sponsored by numerous Colorado senators and representatives, acknowledges the importance of retirement security for the state's economy and its residents, encouraging workers to pursue financial education to improve their readiness and confidence for retirement. It specifically addresses the Colorado Public Employees' Retirement Association (PERA), a system that provides retirement and other benefits to public employees and is a substitute for Social Security for many of them, offering both a defined benefit (DB) plan, which guarantees lifetime income, and a defined contribution (DC) plan, which offers portability. The resolution proposes that the Colorado General Assembly should consider adding lifetime income options to PERA's DC plan and its voluntary savings plans (PERAPlus 401(k) and 457) to ensure public employees have access to guaranteed income in retirement, similar to the benefits provided by the PERA DB plan, thereby enhancing retirement readiness and financial well-being for public sector workers.

Sponsors (68)

William Lindstedt (D)*,  Rebekah Stewart (D)*,  Judy Amabile (D),  Jennifer Bacon (D),  Mark Baisley (R),  Matt Ball (D),  Adrienne Benavidez (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Scott Bright (R),  Kyle Brown (D),  Sean Camacho (D),  John Carson (R),  Michael Carter (D),  Marc Catlin (R),  Chad Clifford (D),  James Coleman (D),  Lisa Cutter (D),  Lindsey Daugherty (D),  Monica Duran (D),  Regina English (D),  Cecelia Espenoza (D),  Tony Exum (D),  Lisa Frizell (R),  Lorena García (D),  Lori Goldstein (D),  Julie Gonzales (D),  Eliza Hamrick (D),  Nick Hinrichsen (D),  Jamie Jackson (D),  Iman Jodeh (D),  Junie Joseph (D),  Cathy Kipp (D),  Barbara Kirkmeyer (R),  Chris Kolker (D),  Mandy Lindsay (D),  Larry Liston (R),  Meghan Lukens (D),  Janice Marchman (D),  Bob Marshall (D),  Julie McCluskie (D),  Karen McCormick (D),  Kyle Mullica (D),  Kenny Nguyen (D),  Byron Pelton (R),  Rod Pelton (R),  Jacqueline Phillips (D),  Janice Rich (R),  Dylan Roberts (D),  Robert Rodriguez (D),  Manny Rutinel (D),  Cleave Simpson (R),  Emily Sirota (D),  Scott Slaugh (R),  Lesley Smith (D),  Marc Snyder (D),  Matt Soper (R),  Katie Stewart (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Katie Wallace (D),  Michael Weissman (D),  Jenny Willford (D),  Lynda Zamora Wilson (R),  Yara Zokaie (D), 

Last Action

Signed by the Speaker of the House (on 04/15/2026)

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