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Senate Finance sends DPS PERA true‑up (HB1105) to Appropriations after advocates say savings will fund pay
Summary
Senate Finance voted 8–1 to send HB1105, a PERA ‘true‑up’ for the Denver Public Schools division, to Appropriations after DPS officials and unions said near‑term employer contribution reductions would be passed back to staff.
Senate Finance advanced House Bill 1105, a statutory “true‑up” for the Denver Public Schools (DPS) division within the Public Employees’ Retirement Association (PERA). The bill reduces the employer contribution rate for the DPS PERA division beginning 07/01/2025; sponsors and DPS representatives said the change reflects the division’s funded status and is intended to return near‑term savings to school employees.
What the bill does The legislation lowers the DPS employer contribution rate (specific statutory percentages are set in the bill language) to reflect the division’s funding level, per actuarial advice discussed in committee. DPS…
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