Public Employees' Retirement Association True-up of Denver Public Schools Division Employer Contribution

2025 Regular Session Introduced by Jennifer Bacon and 16 co-sponsors

HB 25-1105 requires a true-up of Denver Public Schools' PERA employer contributions, correcting under/overpayments and detailing when/how adjustments are paid.

Governor Signed

Overview / Purpose

HB 25-1105 directs a “true‑up” of the employer contribution for the Denver Public Schools (DPS) Division to the Colorado Public Employees’ Retirement Association (PERA). In plain terms, the bill provides for reconciling, adjusting, and settling employer contributions owed by the DPS Division to PERA so that the contribution record and amounts accurately reflect statutory or actuarial requirements.

The stated intent is to correct contribution discrepancies between what was required and what was paid (or reported), and to establish the mechanism and timing for making any additional payments or adjustments necessary to bring the DPS Division’s PERA account into conformity.

Key provisions (what the bill does)

The version metadata provided does not include the bill text; based on the bill title and legislative actions, HB 25‑1105 likely contains the following types of provisions:

Directs PERA and DPS (or the State Treasurer/Department of Education if applicable) to calculate the amount of any under‑ or over‑contributions for the DPS Division for specified periods.

Establishes a method and schedule for reconciling and remitting any true‑up payment(s) (e.g., one‑time payment, phased payments, or offset to future contributions).

Specifies effective dates and may clarify how corrected amounts affect employer amortization schedules, contribution rates, or member benefit calculations (to the extent relevant).

May include conforming changes, reporting requirements, and instructions to state agencies for implementation.

May include an appropriation or note fiscal impacts (check the fiscal note for details).

Because the text is not included here, consult the enacted bill and PERA fiscal note for exact mechanics, dollar amounts, and timing.

Who is affected

Denver Public Schools (as the employer/division whose PERA contributions are being reconciled).

PERA (administrative and actuarial work to calculate and process the true‑up).

Current and future DPS employees and retirees (indirectly, insofar as employer funding affects pension funding status).

State and local budgets if the true‑up requires state assistance, appropriation, or alters future contribution obligations.

Legislative status & timeline

Introduced in House: January 27, 2025

Passed House and Senate with recorded committee actions and readings (see timeline below)

Sent to Governor: May 12, 2025

Governor signed: May 23, 2025 — Bill enacted

Key procedural steps include referrals through House and Senate Finance and Appropriations Committees and floor passage with amendments in the House and no amendments in the Senate.

Where to find the full details

To review specific dollar amounts, payment schedules, and implementation requirements, consult:
- The enacted bill text (official legislative website)
- The PERA fiscal note and legislative staff analysis for HB 25‑1105
- Committee reports from House Finance and Appropriations, and Senate Finance and Appropriations

These documents will provide the precise legal language, fiscal impacts, and administrative instructions omitted from this summary.

Bill