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August 8 PERA meeting

I attended the August 8th PERA meeting in person today.

They discussed the funding levels of the plans.

Police and Fire is funded at 87% and at current rates won't be fully funded until 2080!

The PERA Correctional Plan is funded at 96.7% and will be fully funded by 2026!

This includes the increase of the high five multiplier of 2.2% that begins July of 2025.

Last year we pushed for a CO seat on the PERA Board. We had the Bill but it didn't get a hearing by the Pension Commission or pass. We tried to get the PERA Board to support that but they didn't want to last year, they said they'd take it up at 'next years planning meeting.' That meeting is October 30th of this year and PERA Executive Director Doug Anderson reminded them of that.

The new session will be coming up after elections. We will again push for a long overdue seat on the PERA Board and will be watching for other attempts to raid our healthy plan. 

We look forward to a new session and new work on your behalf.


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