Representative Taggart, co-prime sponsor, presented Senate Bill 25-028. The bill requires the Public Employees' Retirement Association (PERA) to conduct its actuarial experience study and periodical actuarial audit on a four-year schedule, and for the Pension Review Subcommittee to conduct its independent review within three months of the actuarial audit.

Andrew Roth, representing Colorado PERA, was available to answer committee questions.

Representative Hamrick, co-prime sponsors, made closing remarks and asked for a favorable recommendation.