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Promoting & Protecting the Economic Well-Being & Quality of Life for All Retired School & Public Employees |
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CSPERA is again proud to
announce the Grandparent Essay Contest is up and running again. In its
eighth year the contest collects hundreds of 150 word essays of “Why my
grandparent(s) are/is/were the best in the “world”. The deadline for
entry is March 12, 2012. The state is divided up in four areas, metro,
southeast, northeast and west of the Continental Divide and a winner and
runner up is chosen from each area. Announcement of the winners is done
at CSPERA’s annual meeting in May. If you have any questions please
contact our office at 303.326.1808 or 1.800.748.2846.
LEGISLATION INTRODUCED There are now five PERA related bills at the legislature and more are expected. Here is a brief description of each bill. If you want more details, go to the Colorado General Assembly website and look up the bills listed. The position given is that of the CSPERA Board. Senate Bill 16 allows employers in the Local Government division to "swap" up to 2.5% of their required contribution to PERA onto to the employees. This bill is similar to a bill that was defeated last year that applied to School Districts. CSPERA opposes Senate Bill 82 makes employees hired after Jan. 1, 2013, makes PERA retirement eligibility based upon when that person would be able to retire under Social Security. CCRS opposes. This bill would use Social Security as the basis for retirement age when the SS age is set based on its inadequate funding and inappropriate use of SS funds by the Congress. It is illogical to use SS as the "standard" for other pension plans. CSPERA opposes. Senate Bill 84 makes PERA information on elected officials and cabinet members public. This information would include name, position held, salary, amount of employer and employee contributions paid, age at retirement, highest average salary, and amount of benefits paid. CSPEA opposes this bill. House Bill 1142 requires that all PERA members be given the option to participate in the DC plan instead of the DB plan, as new state and college employees may now do. CSPERA opposes. House Bill 1150 changes Highest Average Salary calculation from three years to seven years for those who retire after Jan. 1, 2013. CSPERA opposes. All of these bills would undo the shared sacrifice that we worked so hard to maintain in Senate Bill 1 passed in 2010.
About CSPERA Our efforts in legislation, health issues, retirement seminars, membership workshops, leadership training, volunteerism and communications are geared toward maintaining a high standard of living for Colorado retirees. The Colorado School and Public Employees Retirement Association was found in 1950 as a means of addressing the concerns of all retired school employees in Colorado. With expanded membership, our current mission is to promote the personal, social, educational interests and economic security of retired PERA employees.
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Highlights from the 2011 Winter CSPERA Newsletter
Click here to read the 2011
Newsletter Archive
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Colorado School & Public
Employees Retirement Association © |
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