Shannon Bird
- Democratic
- Representative
- District 29
Primary
In order to recompense the public employees' retirement association (PERA) for the cancellation of a previously scheduled July 1, 2020, direct distribution of $225 million, the act requires an additional direct distribution to PERA of $380 million to be made on the effective date of the act or as soon as possible thereafter. The act also reduces the $225 million July 1, 2023, direct distribution to PERA that is scheduled under current law by at least $155 million but no more than $190 million, depending upon the amount of investment income earned by PERA on the additional $380 million direct distribution so that the July 1, 2023, direct distribution will be between $35 million and $70 million. Finally, the act reduces the $225 million July 1, 2024, direct distribution to PERA that is scheduled under current law by the lesser of an amount equal to 7.25% multiplied by $380 million or an amount equal to PERA's annual rate of return on investments as reported in PERA's 2022 annual report multiplied by $380 million; except that there is no reduction if the rate of return is zero or less. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
House Third Reading Passed with Amendments - Floor
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Appropriations Refer Amended to House Committee of the Whole
House Committee on Finance Refer Amended to Appropriations
| Bill Text Versions | Format |
|---|---|
| Signed Act (06/07/2022) | |
| Final Act (06/01/2022) | |
| Rerevised (05/11/2022) | |
| Revised (05/10/2022) | |
| Reengrossed (05/10/2022) | |
| Engrossed (05/09/2022) | |
| Introduced (01/12/2022) | |
| PA2 (05/09/2022) | |
| PA1 (04/28/2022) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (05/09/2022) | |
| Fiscal Note FN1 (01/14/2022) | |
| Fiscal Note FN2 (04/26/2022) | |
| Fiscal Note FN3 (05/10/2022) | |
| Fiscal Note FN4 (07/12/2022) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.