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.
This change affects only Classified Staff newly hired/newly eligible on Jan. 1, 2019 or later. Classified Staff/PERA members hired/eligible prior to Jan. 1, 2019, are not affected.
With the passing of Senate Bill 18-200, unused sick leave paid at separation is now subject to PERA contributions.