Early Bird

Changes to PERA contributions now in effect

Member and employer contributions increased July 1.

By Amanda Berry

July 8, 2020

The last state-required increases for members of the Public Employees Retirement Association of Colorado (PERA) went into effect July 1. The mandatory increases aim to bring PERA back to full funding within 30 years.

The previous Colorado PERA member contribution of 8.75% ended June 30 and increased to 10% beginning July 1. The change will be reflected in July paychecks.

PERA is mandated to regularly announce progress toward its funding goal each June and will continue to communicate all upcoming automatic adjustments. Employees can visit the Colorado PERA website or contact MSU Denver Human Resources for more information.