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Bill

SB 151

Modify Public Employees Retirement Association Allowed Affiliation and Board of Trustees

2026 Regular Session

Colorado bill modifies PERA membership eligibility and Board of Trustees structure, affecting governance and participation in the state's largest public pension system.

Governor Signed
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Bill Summary · SB 151

Legislative bill overview

SB 151 modifies Colorado's Public Employees' Retirement Association (PERA) by adjusting allowed affiliations and restructuring the Board of Trustees. The bill appears to change eligibility or membership requirements for PERA participation and alters the composition or governance structure of the retirement system's governing board.

Why is this important

PERA is Colorado's largest public pension system, affecting hundreds of thousands of current and retired public employees, teachers, and their families. Changes to membership rules or board structure directly impact pension security, investment decisions, and retirement benefits for a substantial portion of Colorado's workforce and retirees.

Potential points of contention

  • Board representation changes: Any modifications to trustee composition could shift power between public employees, employers, and appointed officials, potentially affecting whose interests are prioritized in governance decisions
  • Affiliation eligibility: Broadening or narrowing who can participate in PERA affects contribution bases, funding ratios, and whether the system becomes more or less sustainable
  • Fiscal implications: Pension system modifications can have long-term budget consequences for employers and the state, requiring actuarial analysis of cost impacts

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

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