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Committee gives do‑pass to PERA cleanup bill
Summary
House Bill 416, a cleanup bill requested by the Public Employees Retirement Association (PERA), was presented with PERA counsel and staff and received a do‑pass recommendation from the committee; the bill does not address COLA changes for retirees.
Representative (Sponsor) presented House Bill 416, described as a PERA cleanup bill that incorporates board‑requested technical clarifications. Anthony Montoya (general counsel for PERA) and Greg Trujillo (PERA executive director) answered committee questions and described the bill as technical fixes requested by the PERA board.
Committee members asked whether the bill addressed cost‑of‑living adjustments (COLA) for retirees; witnesses confirmed the bill did not address COLA. Representative Zamora moved a do‑pass and the committee seconded and recommended the bill for advancement with no recorded opposition.
