Governor Signs PERA Risk-Reduction Bill Sponsored by Senator Kolker

Published: February 26, 2025

Source: PERA On The Issues

On February 26, 2025, Governor Jared Polis signed Senate Bill 25-028 into law—a key piece of legislation sponsored by Senator Chris Kolker aimed at strengthening the long-term stability of Colorado’s Public Employees’ Retirement Association (PERA).

SB25-028 codifies important reporting practices already followed by the PERA Board and updates the timeline for critical reports, including actuarial studies. These changes are designed to streamline oversight and enhance risk management strategies within the retirement system that serves hundreds of thousands of public employees across the state.

“PERA is one of the most vital financial lifelines for our educators, first responders, and public workers,” Senator Kolker said. “By improving transparency and updating how we assess long-term risk, this bill helps ensure that PERA stays strong and sustainable for generations to come.”

This legislative win reflects Senator Kolker’s commitment to fiscal responsibility and to protecting the retirement security of Colorado’s public workforce.

For ongoing updates on fiscal legislation and retirement reform, follow along as the 2025 legislative session continues.