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HB 1400

Adjust Public Employees' Retirement Association's Allocations to Trust Funds

2026 Regular Session

HB 1400 reallocates Colorado's PERA retirement fund contributions across trust funds, potentially reshaping pension solvency and employer contribution obligations for 600,000+ members.

Governor Signed
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Bill Summary · HB 1400

Legislative bill overview

HB 1400 modifies how the Public Employees' Retirement Association (PERA) allocates contributions and assets among its various trust funds. The bill adjusts the distribution formulas or percentages that determine where retirement contributions flow within PERA's fund structure. These changes affect how resources are distributed across different employee groups or benefit categories within the state retirement system.

Why is this important

PERA is Colorado's largest public pension system, covering over 600,000 active members and retirees with roughly $80+ billion in assets. Any reallocation of funds directly impacts pension sustainability, contribution rates, and benefit security for state employees, teachers, and local government workers. Changes to fund allocations can influence the long-term solvency of specific pension tiers and affect future contribution requirements for employers and employees.

Potential points of contention

  • Intergenerational equity concerns: Reallocating funds between different employee groups or benefit tiers may shift financial burdens between current employees, retirees, and future members, raising fairness questions.
  • Fund solvency impacts: Moving resources could help underfunded pension tiers but potentially weaken others; the bill's long-term actuarial consequences need careful scrutiny.
  • Employer contribution implications: Changed allocations may alter the contribution rates employers must pay, affecting municipal and school district budgets already facing fiscal constraints.

Compiled from official sources — confirm details with the bill’s official record.

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