Bill Commons

CO HB 1400

enacted

Adjust Public Employees' Retirement Association's Allocations to Trust Funds

Colorado · 2026 Regular Session · lower

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Quick answers

Did CO HB 1400 pass?

Yes. CO HB 1400 has been enacted into law. Latest recorded action (2026-06-01): Governor Signed

What is CO HB 1400 about?

Current law requires the state treasurer to issue a warrant in the amount of $225 million to the public employees' retirement association (PERA) on July 1 of each year as a direct distribution (direct distribution) and requires PERA to allocate the direct distribution to the trust funds of each division of PERA as it would an employer contribution, in a manner that is proportionate to the annual payroll of each division, except in certain circumstances. The act changes the allocation of the direct distribution by specifying that, beginning with the direct distribution occurring on July 1, 2026, and on July 1 of each year thereafter, PERA is required to allocate the direct distribution to the trust funds of each division of PERA on an actuarial basis to maximize PERA's blended total contribution amount in a manner that limits, to the extent possible, the triggering of automatic adjustment provisions, which are triggered when PERA's divisions fall below a targeted level of funding. Beginning July 1, 2026, the act prohibits PERA from allocating any portion of the direct distribution to the local government division or the Denver public schools division; except that, beginning July 1, 2030, the Denver public schools division is no longer excluded.     The act also changes the amount of PERA employer contributions that are allocated to the health care trust fund from 1.02% of member salaries to 0.52% of member salaries.(Note: This summary applies to this bill as enacted.)

Who sponsors CO HB 1400?

E. Sirota, J. Bridges, R. Taggart and 3 others are the primary sponsors of CO HB 1400, joined by 2 cosponsors.

Description

Current law requires the state treasurer to issue a warrant in the amount of $225 million to the public employees' retirement association (PERA) on July 1 of each year as a direct distribution (direct distribution) and requires PERA to allocate the direct distribution to the trust funds of each division of PERA as it would an employer contribution, in a manner that is proportionate to the annual payroll of each division, except in certain circumstances. The act changes the allocation of the direct distribution by specifying that, beginning with the direct distribution occurring on July 1, 2026, and on July 1 of each year thereafter, PERA is required to allocate the direct distribution to the trust funds of each division of PERA on an actuarial basis to maximize PERA's blended total contribution amount in a manner that limits, to the extent possible, the triggering of automatic adjustment provisions, which are triggered when PERA's divisions fall below a targeted level of funding. Beginning July 1, 2026, the act prohibits PERA from allocating any portion of the direct distribution to the local government division or the Denver public schools division; except that, beginning July 1, 2030, the Denver public schools division is no longer excluded.     The act also changes the amount of PERA employer contributions that are allocated to the health care trust fund from 1.02% of member salaries to 0.52% of member salaries.(Note: This summary applies to this bill as enacted.)

Introduced
2026-04-02
Latest action
2026-06-01 — Governor Signed
Bill type
bill
Last updated
—

Subjects

Sponsors

  • E. Sirotasponsor
  • J. Bridgessponsor
  • R. Taggartsponsor
  • J. Amabilesponsor
  • K. Brownsponsor
  • B. Kirkmeyersponsor
  • N. Hinrichsencosponsor
  • C. Kolkercosponsor

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-06-01

    Governor Signed

    executive-signature

  2. 2026-05-29

    Signed by the Speaker of the House

    passage

  3. 2026-05-29

    Signed by the President of the Senate

    passage

  4. 2026-05-29

    Sent to the Governor

    executive-receipt

  5. 2026-04-16

    Senate Third Reading Passed - No Amendments

    passage,reading-3

  6. 2026-04-15

    Senate Second Reading Special Order - Passed - No Amendments

  7. 2026-04-14

    Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

    committee-passage

  8. 2026-04-13

    Introduced In Senate - Assigned to Appropriations

    introduction

  9. 2026-04-11

    House Third Reading Passed - No Amendments

    passage,reading-3

  10. 2026-04-10

    House Third Reading Laid Over Daily - No Amendments

  11. 2026-04-09

    House Second Reading Special Order - Passed - No Amendments

  12. 2026-04-08

    House Second Reading Special Order - Laid Over Daily - No Amendments

  13. 2026-04-06

    House Committee on Appropriations Refer Unamended to House Committee of the Whole

    committee-passage,referral-committee

  14. 2026-04-02

    Introduced In House - Assigned to Appropriations

    introduction

Versions

Documents

Votes

  • Refer House Bill 26-1400 to the Committee of the Whole.

    2026-04-06 · pass · 0-0

    Member-level votes (11)
    • Andrew Boesenecker: yes
    • Scott Bottoms: yes
    • Lindsay Gilchrist: yes
    • Junie Joseph: yes
    • Karen McCormick: yes
    • Matt Soper: yes
    • Rick Taggart: yes
    • Brianna Titone: yes
    • Yara Zokaie: yes
    • Emily Sirota: yes
    • Kyle Brown: yes

  • Refer House Bill 26-1400 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

    2026-04-14 · pass · 0-0

    Member-level votes (7)
    • Julie Gonzales: yes
    • Barbara Kirkmeyer: yes
    • Chris Kolker: yes
    • Larry Liston: yes
    • Judy Amabile: yes
    • Byron Pelton: yes
    • Jeff Bridges: yes

  • BILL

    2026-04-16 · pass · 0-0

    Member-level votes (36)
    • Amabile: yes
    • Baisley: yes
    • Ball: yes
    • Benavidez: yes
    • Bridges: yes
    • Bright: yes
    • Carson: yes
    • Catlin: yes
    • Cutter: yes
    • Danielson: yes
    • Daugherty: yes
    • Exum: yes
    • Frizell: yes
    • Gonzales J.: yes
    • Hinrichsen: yes
    • Jodeh: yes
    • Kipp: yes
    • Kirkmeyer: yes
    • Kolker: yes
    • Lindstedt: yes
    • Liston: yes
    • Marchman: yes
    • Mullica: yes
    • Pelton B.: yes
    • Pelton R.: yes
    • Rich: yes
    • Roberts: yes
    • Rodriguez: yes
    • Simpson: yes
    • Snyder: yes
    • Sullivan: yes
    • Wallace: yes
    • Weissman: yes
    • Zamora Wilson: yes
    • Coleman: yes
    • President: yes

Related bills

No related bills recorded for this bill.

Official source

https://leg.colorado.gov/bills/HB26-1400

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T03:52:26.466301Z

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