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HB 1026STATE · ColoradoIntroduced

Expanding Plan Options for PERA

Under current law, a member of the public employees' retirement association (PERA) earns service credit for each year worked during which the member makes contributions to PERA. A member may purchase additional years of service credit for any previous period of public or private employment during which the member was not making contributions to PERA, subject to certain conditions. The act allows a member of PERA to also purchase service credit for previous periods of unemployment during which the member was 21 years old or older, subject to certain conditions.     The act requires PERA's voluntary investment program to include options for an employee to make tax-deferred voluntary contributions and Roth voluntary contributions. The act requires PERA employers to affiliate with PERA's deferred compensation plan and requires PERA employers to offer the deferred compensation plan to employees. The deferred compensation plan must include options for an employee to make pre-tax voluntary contributions and Roth voluntary contributions.(Note: This summary applies to this bill as enacted.)

Voted: 6/1/2026Source

How representatives voted

32 yea·3 nay

Action history

  • 4/24/2026House Considered Senate Amendments - Result was to Laid Over Daily
  • 4/23/2026Senate Third Reading Passed - No Amendments
  • 4/22/2026Senate Second Reading Special Order - Passed with Amendments - Committee
  • 4/22/2026Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
  • 3/24/2026Senate Committee on Finance Refer Amended to Appropriations
  • 3/10/2026Introduced In Senate - Assigned to Finance
  • 3/5/2026House Third Reading Passed - No Amendments
  • 3/4/2026House Third Reading Laid Over Daily - No Amendments
  • 3/3/2026House Second Reading Special Order - Passed - No Amendments
  • 2/27/2026House Committee on Appropriations Refer Unamended to House Committee of the Whole