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ColoradoHB26-14002026 Regular SessionHouseWALLET

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

Sponsored By: Barbara Kirkmeyer (Republican), Emily Sirota (Democratic), Jeff Bridges (Democratic), Rick Taggart (Republican)

Signed by Governor

State GovernmentState Revenue & Budget

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Less employer funding for Colorado retiree healthcare

Beginning July 1, 2026, Colorado's Public Employees' Retirement Association (PERA) lowers the employer contribution share assigned to its healthcare fund. The share falls from 1.2% to 0.52% of member salaries. The fund also receives 30% of the amount tied to employer contribution rate cuts for overfunded division funds. Other funding includes portions of service-credit purchases, premiums paid directly or deducted from benefits, employer premium payments, and investment earnings. The law does not specify changes to members' premiums, eligibility, or benefit amounts.

Colorado public pensions get new funding rules

Beginning July 1, 2026, PERA divides annual July 1 direct distributions among division trust funds using actuarial calculations. This method aims to maximize the combined contribution amount and limit required funding adjustments where possible. Before that date, allocations follow each division's annual payroll, excluding the local government and Denver public schools divisions. The local government division continues to receive no allocation. Denver public schools remains excluded before July 1, 2030, but becomes eligible for allocations beginning that date.

Sponsors & Cosponsors

Sponsors

  • Barbara Kirkmeyer

    Republican • Senate

  • Emily Sirota

    Democratic • House

  • Jeff Bridges

    Democratic • Senate

  • Rick Taggart

    Republican • House

Cosponsors

  • Chris Kolker

    Democratic • Senate

  • Nick Hinrichsen

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 112 • No: 2

Senate vote • 4/16/2026

Third reading: Bill

Yes: 35 • No: 0

Senate vote • 4/14/2026

Refer House Bill 26-1400 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

Yes: 7 • No: 0

House vote • 4/11/2026

Third reading: Bill

Yes: 59 • No: 2

House vote • 4/6/2026

Refer House Bill 26-1400 to the Committee of the Whole.

Yes: 11 • No: 0

Actions Timeline

  1. Governor Signed

    6/1/2026House

  2. Signed by the Speaker of the House

    5/29/2026House

  3. Signed by the President of the Senate

    5/29/2026Senate

  4. Sent to the Governor

    5/29/2026House

  5. Senate Third Reading Passed - No Amendments

    4/16/2026Senate

  6. Senate Second Reading Special Order - Passed - No Amendments

    4/15/2026Senate

  7. Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

    4/14/2026Senate

  8. Introduced In Senate - Assigned to Appropriations

    4/13/2026Senate

  9. House Third Reading Passed - No Amendments

    4/11/2026House

  10. House Third Reading Laid Over Daily - No Amendments

    4/10/2026House

  11. House Second Reading Special Order - Passed - No Amendments

    4/9/2026House

  12. House Second Reading Special Order - Laid Over Daily - No Amendments

    4/8/2026House

  13. House Committee on Appropriations Refer Unamended to House Committee of the Whole

    4/6/2026House

  14. Introduced In House - Assigned to Appropriations

    4/2/2026House

Bill Text

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