When last we left House Bill 22-1029, it had passed the House Finance Committee on a 10-1 vote, and been sent to House Appropriations. The bill would not only restore the statutory annual payment of $225 million to Colorado’s Public Employee Retirement Association (PERA) that the legislature skipped in 2020, it would make up the investment income that PERA missed by not having that money available.
But a funny thing happened on the way to Appropriations. Thus far, the bill has not been calendared for that committee, and with only a few days left in the session, there’s a risk that it might simply die for lack of time.
See the full article by Joshua Sharf, May 6, 2022