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First Regular Session | 75th General Assembly
Colorado General Assembly
SB17-158

Modify Composition Of PERA Public Employees' Retirement Association Board Of Trustees

Type Bill
Session 2017 Regular Session
Subjects
State Government

Concerning modifications to the composition of the board of trustees of the public employees' retirement association.

Bill Summary:

Currently, the board of trustees (board) of the public employees' retirement association (PERA) is comprised of the following 15 trustees:

  • The state treasurer;
  • Three elected members of the state division;
  • Four elected members of the school division;
  • One elected member of the local government division;
  • One elected member of the judicial division;
  • Two elected retirees; and
  • Three trustees appointed by the governor and confirmed by the senate who are not PERA members or retirees and who are experts in certain fields.
In addition, there is one ex officio trustee from the Denver public schools division.

The bill modifies the composition of the board by:

  • Eliminating one elected member trustee position from the state division;
  • Eliminating 2 elected member trustee positions from the school division;
  • Requiring at least one elected member from both the state division and the school division to be at least 20 years from retirement eligibility; and
  • Adding 3 more trustees appointed by the governor and confirmed by the senate who are not PERA members or retirees and who are experts in certain fields to replace the eliminated elected member trustee positions. The additional appointed trustees must have significant experience and competence in investment management, finance, banking, economics, accounting, pension administration, or actuarial analysis.
The bill does not change the inclusion on the board of the state treasurer, the elected members from the local government division and the judicial division, or the ex officio trustee from the Denver public schools division.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Prime Sponsors

Senator Jack Tate

Senator

Jack Tate

Representative Dan Nordberg

Representative

Dan Nordberg

Committees

Senate

Finance

House

State, Veterans, & Military Affairs

Status

Lost

Introduced

Lost

Related Documents & Information

Date Version Documents
03/02/2017 Reengrossed PDF
02/28/2017 Engrossed PDF
02/03/2017 Introduced PDF
Date Version Documents
07/27/2017 FN2 PDF
02/07/2017 FN1 PDF
Activity Vote Documents
Postpone Senate Bill 17-158 indefinitely. The motion passed on a vote of 6-3. Vote summary
Refer Senate Bill 17-158 to the Committee of the Whole. The motion failed on a vote of 3-6. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
The motion Vote summary
Refer Senate Bill 17-158 to the Committee of the Whole. The motion passed on a vote of 3-2. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
03/02/2017 Third Reading BILL
18
AYE
17
NO
0
OTHER
 		Vote record
02/28/2017 Committee of the Whole COW * (.001)
17
AYE
18
NO
0
OTHER
 		Vote record
Date Location Action
03/15/2017 House House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
03/06/2017 House Introduced In House - Assigned to State, Veterans, & Military Affairs
03/02/2017 Senate Senate Third Reading Passed - No Amendments
03/01/2017 Senate Senate Third Reading Laid Over Daily - No Amendments
02/28/2017 Senate Senate Second Reading Passed - No Amendments
02/24/2017 Senate Senate Second Reading Laid Over Daily - No Amendments
02/21/2017 Senate Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
02/03/2017 Senate Introduced In Senate - Assigned to Finance

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