republic-os/legislation/us/states/co/2022a/hb-22-1029.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Compensatory Direct Distribution To Public Employees' Retirement Association	In order to recompense the public employees' retirement association (PERA) for the cancellation of a previously scheduled July 1, 2020, direct distribution of $225 million, the act requires an additional direct distribution to PERA of $380 million to be made on the effective date of the act or as soon as possible thereafter. The act also reduces the $225 million July 1, 2023, direct distribution to PERA that is scheduled under current law by at least $155 million but no more than $190 million, depending upon the amount of investment income earned by PERA on the additional $380 million direct distribution so that the July 1, 2023, direct distribution will be between $35 million and $70 million. Finally, the act reduces the $225 million July 1, 2024, direct distribution to PERA that is scheduled under current law by the lesser of an amount equal to 7.25% multiplied by $380 million or an amount equal to PERA's annual rate of return on investments as reported in PERA's 2022 annual report multiplied by $380 million; except that there is no reduction if the rate of return is zero or less.	us/states/co	Colorado General Assembly	2022A	HB 22-1029	Colorado HB 22-1029 (2022A)	bill		enacted	Chris Kolker Kevin Priola Shane Sandridge Shannon Bird	10	13	4	2022-01-12T07:00:00+00:00	2022-06-07T06:00:00+00:00	openstates	ocd-bill/f4504249-8e14-4c50-974a-d6f402728833	https://leg.colorado.gov/bills/hb22-1029	d2ac68ab67d7bd081f39bf2252ccee5bf61416a7c8b43115563a25489a61f314	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-co

Colorado HB 22-1029 (2022A) — Compensatory Direct Distribution To Public Employees' Retirement Association

In order to recompense the public employees' retirement association (PERA) for the cancellation of a previously scheduled July 1, 2020, direct distribution of $225 million, the act requires an additional direct distribution to PERA of $380 million to be made on the effective date of the act or as soon as possible thereafter. The act also reduces the $225 million July 1, 2023, direct distribution to PERA that is scheduled under current law by at least $155 million but no more than $190 million, depending upon the amount of investment income earned by PERA on the additional $380 million direct distribution so that the July 1, 2023, direct distribution will be between $35 million and $70 million. Finally, the act reduces the $225 million July 1, 2024, direct distribution to PERA that is scheduled under current law by the lesser of an amount equal to 7.25% multiplied by $380 million or an amount equal to PERA's annual rate of return on investments as reported in PERA's 2022 annual report multiplied by $380 million; except that there is no reduction if the rate of return is zero or less.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Committee Amendment (committee substitute) — source
2. Engrossed (05/09/2022) (committee substitute) — source
3. Final Act (06/01/2022) (committee substitute) — source
4. Introduced (01/12/2022) (committee substitute) — source
5. PA1 (04/28/2022) (committee substitute) — source
6. PA2 (05/09/2022) (committee substitute) — source
7. Reengrossed (05/10/2022) (committee substitute) — source
8. Rerevised (05/11/2022) (committee substitute) — source
9. Revised (05/10/2022) (committee substitute) — source
10. Signed Act (06/07/2022) (committee substitute) — source

Votes

• PERM — 60–5 (pass) · lower
• AMD — 63–2 (pass) · lower
• BILL — 58–7 (pass) · lower
• BILL — 35–0 (pass) · upper

Sponsors

• Chris Kolker — primary (person)
• Kevin Priola — primary (person)
• Shane Sandridge — primary (person)
• Shannon Bird — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2022-06-07T06:00:00+00:00 Governor Signed executive-signature
• 2022-06-01T06:00:00+00:00 Sent to the Governor executive-receipt
• 2022-06-01T06:00:00+00:00 Signed by the President of the Senate
• 2022-06-01T06:00:00+00:00 Signed by the Speaker of the House
• 2022-05-11T06:00:00+00:00 Senate Third Reading Passed - No Amendments passage, reading-3
• 2022-05-10T06:00:00+00:00 Senate Second Reading Special Order - Passed - No Amendments
• 2022-05-10T06:00:00+00:00 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole committee-passage
• 2022-05-10T06:00:00+00:00 Introduced In Senate - Assigned to Appropriations introduction
• 2022-05-10T06:00:00+00:00 House Third Reading Passed with Amendments - Floor passage, reading-3
• 2022-05-09T06:00:00+00:00 House Second Reading Special Order - Passed with Amendments - Committee
• 2022-05-09T06:00:00+00:00 House Committee on Appropriations Refer Amended to House Committee of the Whole committee-passage, referral-committee
• 2022-04-25T06:00:00+00:00 House Committee on Finance Refer Amended to Appropriations referral-committee
• 2022-01-12T07:00:00+00:00 Introduced In House - Assigned to Finance introduction

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f4504249-8e14-4c50-974a-d6f402728833. Confidence: reported (aggregated from official Colorado legislature records).