Send an email to the House State Affairs committee and help us stop SB 158!

Senate Bill 158 would change the composition of PERA’s Board of 15 Trustees. It would reduce the number of Trustees elected by members and increase the number of Trustees appointed by the Governor.

The current board consists of:

• The state treasurer;
• Three elected members of the state division;
• Four elected members of the school division;
• One elected member of the local government division;
• One elected member of the judicial division;
• Two elected retirees;
• Three trustees appointed by the governor and confirmed by the senate who are not PERA members or retirees and who are experts in certain fields;
• And, one ex officio trustee (non-voting) from the Denver Public School division.

Senate Bill 158 would:

• Eliminate one elected member trustee position from the state division;
• Eliminate 2 elected member trustee positions from the school division;
• Require at least one elected member from both the state division and the school division to be at least 20 years from retirement eligibility; and
• Add 3 more trustees appointed by the governor and confirmed by the senate who are not PERA members or retirees and who are experts in certain fields to replace the eliminated elected member trustee positions. The additional appointed trustees must have significant experience and competence in investment management, finance, banking, economics, accounting, pension administration, or actuarial analysis.