Bill > HB1400

This bill adjusts how the Public Employees' Retirement Association (PERA), a retirement system for public employees in Colorado, allocates money to its trust funds, specifically impacting the health care trust fund and how "direct distributions" are handled. The health care trust fund, which helps cover healthcare costs for retirees, will now receive a slightly larger portion of employer contributions, increasing from 1.02% to 1.52% of member salaries. Additionally, the bill changes the rules for distributing "direct distributions," which are essentially extra funds PERA receives, altering how these funds are allocated to different divisions within PERA starting July 1, 2026, and aiming to maximize a "blended total contribution amount" while limiting required adjustments to contribution rates.