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SB10-001: State Pension Plan Reform Passes Senate

Senate Bill 1, the top priority of Senate President Brandon Shaffer, received final approval from the Senate on Monday and will be heard in the House next Wednesday, The Colorado Statesman reports. SB 1 modifies the Public Employees’ Retirement Association (PERA) pension plan to help it reach solvency in less than 30 years. Currently, PERA’s board of trustees project the fund will be out of money in as little as 26 years.

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