Colorado State University (CSU) is a public education institution eligible to offer a voluntary retirement savings program as described under section 403(b) of the Internal Revenue Code (also referred to as a "403(b) Plan"). Colorado PERA also provides two voluntary retirement savings programs: a 457 plan and a 401(k) plan.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an …Find online and downloadable forms for various categories related to your Colorado PERA account. You can also login to manage your account or submit forms electronically.Timothy M. O'Brien served on the PERA Board of Trustees from 1984 through 1995 in an ex officio capacity as the Colorado State Auditor. In 2011, he was elected to the Board of Trustees for a four-year term, re-elected in 2015, and reappointed in 2019. Mr. O'Brien is a licensed Certified Public Accountant and holds the designations of ...Colorado PERA Medicare Advantage # 2 Effective January 1, 2022 to December 31, 2022 This is a short summary of your plan benefits and costs. See your Summary of Benefits for more information. Or review the Evidence of Coverage for a complete description of benefits, limitations,Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...The free Colorado PERA app, available on iOS and Android, offers members quick and easy access to their PERA retirement account, with on-demand access to your account balance, monthly benefit projections and service credit history.The app also enables members to update key account information such as their tax withholding and beneficiary details.Colorado PERA has developed this online portal to facilitate initial engagement and performance tracking of emerging and traditional external investment managers.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado PERA and Furlough Days After June 30, 2004 fact sheet Section 125 Plans. For members whose membership began on or before June 30, 2019, any money placed in a Section 125 flexible spending account, other than contributions to a Health Savings Account (HSA), is not considered salary for PERA purposes.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado PERA provides retirement and other benefits to more than 630,000 current and former teachers, State Troopers, corrections officers, snow plow drivers, and other public employees who provide valuable service to all of Colorado. PERA is a vital and stable contributor to Colorado's economy, distributing more than $4.2 billion in 2020 to ...your Colorado PERA Defined Benefit (DB) or Defined Contribution (DC) Plan will contribute to that amount, you may want additional savings. That's where the PERAPlus 401(k) Plan comes into play. A voluntary retirement savings program offered through PERA, the PERAPlus 401(k) Plan can help you create your plan for the future. Enroll Today!This fact sheet provides general information about preparing for PERA retirement. PERA membership rights, benefits, and obligations are governed by Title . 24, Article 51 of the Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any . interpretations in this fact sheet.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...PERA provides retirement and other benefits to public employees in Colorado, covering more than 400 agencies and entities. Learn about PERA's contributions, fund, board, and financial report on the Colorado Department of the Treasury website.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado's public worker pension plan lost more than $18 million last week through its stake in Silicon Valley Bank. The state's Public Employees' Retirement Association, the pension plan for ...Rights, benefits, and obligations regarding PERA are governed by Title 24, Article 51 of Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any information on this Site.If you wish to use any of the copyrighted material other than as expressly provided in the first paragraph above, please contact PERA's Communications Division at 1301 Pennsylvania Street, Denver, CO 80203-5011 or [email protected]. PERA reserves the right to deny any such request in its sole discretion. Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. Financials at a Glance. PERA retirement benefit payments represent a steady stream of income in every county in Colorado, and provide stability to state, regional, and local economies. In 2022, PERA paid $5.2 billion in pension benefits, and, of that, $4.5 billion was paid to 112,509 PERA retirees living in Colorado.The free Colorado PERA app, available on iOS and Android, offers members quick and easy access to their PERA retirement account, with on-demand access to your account balance, monthly benefit projections and service credit history.The app also enables members to update key account information such as their tax withholding and beneficiary …The sign on Colorado PERA headquarters in the Capitol Hill neighborhood of Denver on Sept. 18, 2018. (Eric Lubbers, The Colorado Sun) ... To make matters worse, the Colorado Public Employees' Retirement Association, or PERA, is facing what's shaping up to be its worst year since the depths of the Great Recession. As of last week, the ...Employees' Retirement Association of Colorado (PERA) details the plan's performance from January 1, 2021, through December 31, 2021. In 2021, PERA marked its 90th year of providing retirement and other benefits to Colorado's public employees. When the Colorado General Assembly established PERA in 1931, the Association had fewer thanLike many investors, Colorado PERA experienced a negative return on its investment portfolio in 2022. The total fund ended the year with a return of -13.4% net of fees, compared to the benchmark 's -13.7% return.. While the markets may go up or down in a given year, PERA's portfolio is designed to generate value over the course of several decades.If you're wondering how a change in employment or another big life change might affect your PERA account, know that we are here to help. Start by exploring the resources below for more details. If you need assistance at any point, let us know. To report the death of a PERA member or retiree, contact us at 800-759-7372.Contact the PERA Defined Contribution Team for more information or to affiliate with the PERAPlus 457 Plan or to adopt the Roth option. 303-398-7665. [email protected]. The PERAPlus 401 (k) and 457 Plans allow employees to save for retirement beyond their Colorado PERA benefit. All PERA employers offer …Liked by Stephen Komon. Senior Portfolio Manager charged with structuring portfolios to capture alpha and control risk while fostering lasting client relationships. Experienced Financial Executive ...If no tax forms are submitted with your application, PERA will automatically withhold: -Federal: Single, no adjustments (20% for refunds) -MN State (MN residents only): 6.25%. Option 2 - Complete Tax Forms. To withhold a tax amount other than the default, you will need to submit a completed W-4P federal tax form (W-4R for refunds) and/or W ...Learn about the Colorado Public Employees' Retirement Association (PERA), a pension system for state and local government employees since 1931. Find related publications on PERA and other topics from the Legislative Council Staff.The sign on Colorado PERA headquarters in the Capitol Hill neighborhood of Denver on Sept. 18, 2018. (Eric Lubbers, The Colorado Sun) Colorado lawmakers in 2018 set out to fix a $32 billion problem confronting the state’s public-pension program, and by all accounts, they appear to have succeeded. In its latest financial statements, the …Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado Department of Human Services. Hybrid remote in Denver, CO 80246. $68,100 - $88,536 a year. Full-time. Monday to Friday + 1. Predominantly remote with a minimum of one in-person meeting a month.. Strong, secure, yet flexible retirement benefits including a PERA Defined Benefit Plan….Rights, benefits, and obligations regarding PERA are governed by Title 24, Article 51 of Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any information on this Site.Create a PERA account to access your PERA information when you need it. You can change your withholding, sign up for electronic delivery, view your 1099-R, and more.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Rights, benefits, and obligations regarding PERA are governed by Title 24, Article 51 of Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any information on this Site.Poudre School District 3.9. Fort Collins, CO. $17.00 - $19.04 an hour. Seasonal. 8 hour shift. This is a seasonal position beginning in April 2024 for approximately 6 months. Benefits: PERA Retirement, short and long term disability. Posted 18 days ago.Colorado PERA is an Equal Opportunity Employer. Who We Are. PERA’s culture is based on a collaborative, integrated business approach that delivers quality customer service to our affiliated employers, membership, elected officials, and citizens of Colorado. We are a voice in the public pension industry on a local, regional, and national level.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado PERA | 3,563 followers on LinkedIn. Providing retirement benefits to over 600,000 current and former Colorado public employees. | As Colorado’s largest public pension plan, we are ...Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Empower Retirement, a Colorado company, will be the recordkeeper for the defined contribution plans of the Colorado Public Employees' Retirement Association …Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Use the chart below to determine which table applies to you. The shaded areas on the tables indicate reduced retirement percentages. The percentages in the shaded areas on the PERA 2, PERA 4, PERA 6, PERA 7, PERA 8, PERA 9, DPS 3, DPS 4, Safety Officers 2, and Safety Officers 3 tables ensure that, as of your effective date of retirement, your ...Manage your PERA account any time, any place with our easy-to-use mobile app. Log in to make quick changes to your account, view up-to-date benefit information, or submit forms. Track progress toward your retirement goals by viewing your: • Projected monthly benefit. • Account balance. • Salary and service credit.Colorado PERA serves over 470,000 public employees today. PERA is governed by a 16-member Board of Trustees, 11 of whom are elected by the membership. The Board works closely with your elected officials to ensure the soundness of one of the State's largest financial institutions.Situation of the Colorado Public Employees' Retirement Association (PERA) Overview The Colorado Legislative Council Staff (LCS), on behalf of the Pension Review Subcommittee, is requesting proposals from qualified firms to conduct an evaluation of the economic and investment assumptions used to model PERA's financial situation, as required byColorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...PERA is a constant focus for the legislature because pension benefits are considered one of the biggest perks of being a government employee in Colorado. Baker was appointed to be PERA’s executive director in 2018. He has worked at the organization since 1994 and was chief administrative officer before taking on the top job.Client Service Center: 1-866-277-1649. Fax: 1-207-771-4022. Unum. NCG Administrative Services. PO Box 9783. Portland, ME 04104-5083. Colorado PERA offers an optional decreasing term life insurance program administered by Unum. The life insurance program includes the following….Employees' Retirement Association of Colorado (PERA) details the plan's performance from January 1, 2021, through December 31, 2021. In 2021, PERA marked its 90th year of providing retirement and other benefits to Colorado's public employees. When the Colorado General Assembly established PERA in 1931, the Association had fewer thanThe state legislature established the Colorado Public Employees' Retirement Association (PERA) in 1931 to provide a pension benefit to state and local government employees, predating the federal Social Security Act of 1935 by four years. PERA is administered under Article 51 of Title 24 of the Colorado Revised Statutes.1301 Pennsylvania Street Denver, CO 80203 1-800-759-7372. Quick Links. Contact Us; Vendor Issue Tracker; Follow UsWelcome PERA Members. Whether you're new to PERA, in the middle of your career, or preparing for retirement, we want to ensure that you are set up for success when you …These percentages ensure that, as of your effective date of retirement, your reduced retirement benefit is the actuarial equivalent of your full service retirement benefit. These percentages are subject to change based on actuarial experience. For 35+ years, add 2.5% to 87.5 for each year over 35 up to 100%. Final calculations are made to the ...{{ showEye ? ('logon.labels.passwordHiddenAlert' | translate) : 'logon.labels.passwordShownAlert' | translate }} {{ "logon.loginHelp" | translate }}As the Legislature debates the details of Senate Bill 18-200, intended to improve PERA's funded status and lower its overall risk, it is helpful to keep in mind how PERA compares to similar public employee retirement plans across the country - both today and if legislation is approved.. The proposed legislation incorporates many of the recommendations that the PERA Board approved last ...Timothy M. O'Brien served on the PERA Board of Trustees from 1984 through 1995 in an ex officio capacity as the Colorado State Auditor. In 2011, he was elected to the Board of Trustees for a four-year term, re-elected in 2015, and reappointed in 2019. Mr. O'Brien is a licensed Certified Public Accountant and holds the designations of ...Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Our Approach. Colorado PERA's overall approach to investment stewardship is straightforward: Seek out quality investments that are expected to provide the best risk-adjusted returns to PERA's portfolio over the long term. We break down this approach to financial sustainability into four parts. PROTECT Protect members' interests by watching costs.Colorado Department of Labor and Employment 633 17th Street, Suite 201 Denver, CO 80202-3660 Phone: 303-318-8000. Division of Unemployment Insurance 251 E 12th Ave Denver, CO 80203. Division of Unemployment Insurance Lobby Assistance 621 17th Street, Suite 100 Denver, CO 80202 Customer Service FeedbackContribution reports and payments are due within five business days of payment to employees, excluding holidays. The following are the bank/PERA… Read more » 2023 Tax Data Submission. All Colorado PERA employers must submit their W-2, W-3, 1096, and 1099-NEC/MISC files to PERA on an annual basis. These files must be submitted for…To make matters worse, the Colorado Public Employees’ Retirement Association, or PERA, is facing what’s shaping up to be its worst year since the depths of the Great Recession. As of last week, the pension’s publicly traded holdings, which make up the bulk of its investment portfolio, were down 8% on the year, according to Amy …Amy Grant. Position: Non-voting, Ex Officio Member. Term: Expires: June 30, 2028. Appointing Authority: DPS Division Members and Retirees. Amy Grant was first elected to the PERA Board of Trustees in 2012. She began her career with Denver Public Schools in 1991 and is a retired office…. Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. Defined Contribution (DC) Plan Investments. PERA established the Voluntary Investment Program (PERAPlus 401 (k) Plan) on January 1, 1985. The PERAPlus 401 (k) Plan includes voluntary contributions…. Colorado PERA invests retirement and Health Care Trust Fund assets for the sole benefit of the members in the defined benefit plan and offers a….Colorado took a positive step towards improving the solvency of its public sector retirement system—the Colorado Public Employees' Retirement Association (PERA)—through the recent passage of Senate Bill 18-200 (SB200), bipartisan legislation that changes pension contributions, cost-of-living adjustments, and the retirement age for future workers, all while expanding access to the ...Retirement Benefits: LTA is a participating employer in Colorado Public Employees' Retirement Association ("PERA") and as such will contribute to a Defined Benefit Plan account for you. Personal Time Off: All full-time and part-time employees are eligible for paid time off (PTO) of 1 hour for every 30 hours worked up to 48 hours per year ...PERA provides benefits to nearly 1 out of every 10 Coloradans who are current and former teachers, state troopers, snowplow drivers, corrections officers, and other public employees who provide valuable services to all of Colorado. Of the $5.2 billion paid last year, $4.5 billion went to 112,509 PERA retirees living in Colorado.Experience: Colorado PERA · Location: Denver, Colorado, United States · 343 connections on LinkedIn. View Amy Copeland McGarrity, CFA’s profile on LinkedIn, a professional community of 1 ...PAREA was adopted by the Appraiser Qualifications Board (AQB) on October 16, 2020, and became effective on January 1, 2021. The State of Colorado Board of Real Estate Appraisers adopted PAREA into Rule on March 4, 2021, to become effective April 30, 2021.Colorado PERA is an Equal Opportunity Employer. Who We Are. PERA's culture is based on a collaborative, integrated business approach that delivers quality customer service to our affiliated employers, membership, elected officials, and citizens of Colorado. We are a voice in the public pension industry on a local, regional, and national level. Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Manage your PERA account any time, any place with our easy-to-use mobile app. Log in to make quick changes to your account, view up-to-date benefit information, or submit forms. Track progress toward your retirement goals by viewing your: • Projected monthly benefit. • Account balance. • Salary and service credit.Currently, the board of trustees (board) of the public employees' retirement association (PERA) is composed of the following 15 trustees: The state treasurer; 3 elected members of the state division; 4 elected members of the school division; ... Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses.Colorado PERA, Denver, Colorado. 12,875 likes · 13 talking about this · 60 were here. Official Facebook page of Colorado PERA. PERA provides retirement benefits to 670k+ public employees.Poudre School District 3.9. Fort Collins, CO. $17.00 - $19.04 an hour. Seasonal. 8 hour shift. This is a seasonal position beginning in April 2024 for approximately 6 months. Benefits: PERA Retirement, short and long term disability. Posted 18 days ago.Nov 14, 2023 · Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. If you're a year away from retiring, you can request a benefit estimate by calling the Customer Service Center at 800-759-PERA (7372). We recommend you submit your PERA Retirement Application 60-90 days before your retirement date.However, you are able to submit your paperwork as late as the day before your retirement date and still retire, but your first retirement check will likely be delayed.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...That's right: The PERA reform bill will cost taxpayers something like $250 million per year, and the cost could be even higher depending on the bill's fine print, which observers were still trying to obtain and decipher late last week, days after it passed the legislature. It was an astonishing outcome, because in a state with strict budget ...Rights, benefits, and obligations regarding PERA are governed by Title 24, Article 51 of Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any information on this Site.Contribution reports and payments are due within five business days of payment to employees, excluding holidays. The following are the bank/PERA… Read more » 2023 Tax Data Submission. All Colorado PERA employers must submit their W-2, W-3, 1096, and 1099-NEC/MISC files to PERA on an annual basis. These files must be submitted for…Colorado PERA is an Equal Opportunity Employer. Who We Are. PERA’s culture is based on a collaborative, integrated business approach that delivers quality customer service to our affiliated employers, membership, elected officials, and citizens of Colorado. We are a voice in the public pension industry on a local, regional, and national level.
Join us for a live discussion about PERA's investment program and our recently released Investment Stewardship Report.. Phone number for sms
Rights, benefits, and obligations regarding PERA are governed by Title 24, Article 51 of Colorado Revised Statutes, and the Rules of the Colorado Public Employees' Retirement Association, which take precedence over any information on this Site.your Colorado PERA Defined Benefit (DB) or Defined Contribution (DC) Plan will contribute to that amount, you may want additional savings. That's where the PERAPlus 401(k) Plan comes into play. A voluntary retirement savings program offered through PERA, the PERAPlus 401(k) Plan can help you create your plan for the future. Enroll Today!The cover of PERA’s 2021 Annual Comprehensive Financial Report. The Colorado PERA Board of Trustees met on Friday, June 17 for its third meeting of 2022. The Board took action on a number of important items, including approving the release of PERA’s 2021 Annual Comprehensive Financial Report, and announcing results of the …What's happening: The financial pinch is precipitated by PERA's $31 billion unfunded liability. The public pension is 37% short of what's needed to cover the full cost of benefits, according to an annual report issued in late October. PERA's actuarial consultant puts the odds at 56% that the state meets the full-funding benchmark set in state ...Colorado Public Employees' Retirement Association. 1301 Pennsylvania Street • Denver, Colorado 80203 • 1-800-759-PERA (7372) • www.copera.org July 2014 ... the "Colorado PERA Monthly Retirement Benefit" calculator on the PERA website. q. Request a benefit estimate from Social Security ifGabriel, Roeder, Smith & Company was engaged by the Colorado Legislative Council Staff (LCS) to review economic, non-economic, and investment assumptions used to model PERA's financial situation, as required by Senate Bill 18-200. In particular, GRS has reviewed the assumptions used in the most recent actuarial results as of December 31, 2020.Amy Grant. Position: Non-voting, Ex Officio Member. Term: Expires: June 30, 2028. Appointing Authority: DPS Division Members and Retirees. Amy Grant. Amy Grant was first elected to the PERA Board of Trustees in 2012. She began her career with Denver Public Schools in 1991 and is a retired office support professional from the JROTC Department at ...Our 2023 endorsements for the PERA Board of Trustees. May 7, 2023. Read More. Secure PERA Announces 2022 Candidate Endorsements. September 21, 2022. Read More. VIEW ALL POSTS . EVENTS. Upcoming Events. No event found! Email Us Facebook Us Tweet Us About Us; Learn More; Take Action; Search. Facebook-f Twitter ©2020 Colorado Coalition For ...The state legislature established the Colorado Public Employees' Retirement Association (PERA) in 1931 to provide a pension benefit to state and local government employees, predating the federal Social Security Act of 1935 by four years. PERA is administered under Article 51 of Title 24 of the Colorado Revised Statutes.Colorado PERA is fully committed to providing accessible facilities, elements and channels of communication to all members of the public. As part of this commitment, Colorado PERA has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and commercial screen reading software. ...Contribution reports and payments are due within five business days of payment to employees, excluding holidays. The following are the bank/PERA… Read more » 2023 Tax Data Submission. All Colorado PERA employers must submit their W-2, W-3, 1096, and 1099-NEC/MISC files to PERA on an annual basis. These files must be submitted for…This form provides information to Colorado PERA in order to set up your PERA Defined Benefit (DB) Plan account if you are a new ... Colorado Public Employees' Retirement Association PO Box 5800, Denver, Colorado 80217-5800 1-800-759-PERA (7372) • Fax: 303-863-3727 • www.copera.org Member SSN Named BeneficiaryColorado PERA officials place blame on the Colorado General Assembly for creating the latest PERA financial downturn: "Other notable factors (for the downturn in PERA's fiscal position) include employers not contributing the actuarially determined contribution rates, the sale of purchased service credit at rates below actuarial costs, and ...The state legislature established the Colorado Public Employees' Retirement Association (PERA) in 1931 to provide a pension benefit to state and local government employees, predating the federal Social Security Act of 1935 by four years. PERA is administered under Article 51 of Title 24 of the Colorado Revised Statutes..