In accordance 2018 legislation (SB 18-200), PERA contributions rates for employees and employers will increase on July 1. In addition, the Colorado legislature has advanced a bill to suspend a one-time $225 million state payment to PERA fund.
Take these steps to keep funding from going into suspense, then use our step-by-step guide to learn more about how funding is managed, what suspense is and how it’s prevented and fixed.