ColoradoRetirement system divides yearly payments among division trust funds
Starting with the July 1, 2026 payment, the retirement association uses an actuarial method to divide yearly distributions among its division trust funds.
What it does
Starting with the July 1, 2026 distribution, the association uses an actuarial method to divide yearly payments among division trust funds. It excludes local government every year and Denver public schools through 2029.
The health care trust fund receives 1.52 percent of member salaries from employer contributions, along with other listed money such as premiums and investment income.
Argument forAn actuarial split could help the retirement system meet combined contribution needs while limiting later changes to division contributions.
Argument againstAn actuarial split could send some divisions less money than a payroll-based split, and Denver public schools are excluded through 2029.
More detail
The association allocates direct distributions among division trust funds using an actuarial method. This applies to direct distributions to the association’s division trust funds. The method aims to maximize the combined contribution amount while limiting required contribution adjustments as much as possible. The association excludes the local government division from every distribution. It also excludes the Denver public schools division for distributions before July 1, 2030. The method applies to distributions on July 1, 2026, and each July 1 after that. The Denver public schools exclusion applies to distributions before July 1, 2030.
The association directs a portion of employer contributions to the health care trust fund. The allocation goes to the association’s health care trust fund.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 1Governor Jared Polis SignedBecame Law
- May 29Signed by the Speaker of the HouseMajor
- May 29Signed by the President of the SenateMajor
- May 29Sent to the GovernorTo Governor
- Apr 16Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Lower
- Vote recorded BILL. Result: pass.Upper
- Apr 15Senate Second Reading Special Order - Passed - No Amendments
- Apr 14Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1400 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
- Apr 13Introduced In Senate - Assigned to AppropriationsMinor
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 10House Third Reading Laid Over Daily - No Amendments
- Apr 9House Second Reading Special Order - Passed - No Amendments
- Apr 8House Second Reading Special Order - Laid Over Daily - No Amendments
- Apr 6House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1400 to the Committee of the Whole. Result: pass.Lower
- Apr 2Introduced In House - Assigned to AppropriationsIntroduced