Bill > SB151

This bill modifies the Public Employees' Retirement Association (PERA) by adding a new trustee to its Board of Trustees, specifically one elected by the Denver Public Schools division, who will be a voting member starting June 1, 2026, and must be a member or retiree of that division. It also clarifies that applications for affiliation with PERA by public entities are subject to board approval, and specifically states that the Denver Public Schools division includes Denver School of Science and Technology and any future charter schools approved by the Denver Public Schools Board of Education. Furthermore, the bill allows members employed by a Denver School of Science and Technology charter school affiliated with PERA to purchase service credit for their years of employment without limit, provided certain conditions are met, with a specific deadline of July 1, 2026, for purchases exceeding ten years. The bill also defines a Denver public school district charter school as an employer within the Denver Public Schools division.