republic-os/legislation/us/states/co/2025a/sb-25-028.md

---
type: "Bill"
title: "Public Employees' Retirement Association Risk-Reduction Measures"
description: "The public employees' retirement association (PERA) board (board) conducts or causes to be conducted an actuarial experience study of PERA and a periodic actuarial audit of PERA. Both the actuarial experience study and the periodic actuarial audit, neither of which were referenced in law prior to passage of the act, are conducted approximately once every 5 years, but the timing of the actuarial experience study and the periodic actuarial audit is not aligned."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2025A"
identifier: "SB 25-028"
citation: "Colorado SB 25-028 (2025A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Chris Kolker", "Eliza Hamrick", "Faith Winter", "Rick Taggart"]
version_count: 9
action_count: 13
vote_count: 2
first_action: "2025-01-08T07:00:00+00:00"
last_action: "2025-03-26T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/e5b9b74d-ace1-4945-9c73-735d46408349"
source_url: "https://leg.colorado.gov/bills/sb25-028"
source_hash: "91956ef1fe87ab94a48c0c1ab2face91635ff17034ce8bc84b6f0d4f77bbf5eb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado SB 25-028 (2025A) — Public Employees' Retirement Association Risk-Reduction Measures

The public employees' retirement association (PERA) board (board) conducts or causes to be conducted an actuarial experience study of PERA and a periodic actuarial audit of PERA. Both the actuarial experience study and the periodic actuarial audit, neither of which were referenced in law prior to passage of the act, are conducted approximately once every 5 years, but the timing of the actuarial experience study and the periodic actuarial audit is not aligned.

## Version chain

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

1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_sb028_h_fin_001.pdf)
2. **Engrossed (02/14/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_eng.pdf)
3. **Final Act (03/19/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_enr.pdf)
4. **Introduced (01/08/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_01.pdf)
5. **PA1 (02/12/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_s_fin_01.pdf)
6. **Reengrossed (02/18/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_ren.pdf)
7. **Rerevised (03/10/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_rer.pdf)
8. **Revised (03/07/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_028_rev.pdf)
9. **Signed Act (03/26/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_028_signed.pdf)

## Votes

- BILL — **62–0** (pass) · lower
- BILL — **34–0** (pass) · upper

## Sponsors

- Chris Kolker — primary (person)
- Eliza Hamrick — primary (person)
- Faith Winter — primary (person)
- Rick Taggart — primary (person)
- B. Titone — cosponsor (person)
- C. Kipp — cosponsor (person)
- D. Michaelson Jenet — cosponsor (person)
- I. Jodeh — cosponsor (person)
- J. Bridges — cosponsor (person)
- J. Coleman — cosponsor (person)
- J. Marchman — cosponsor (person)
- J. McCluskie — cosponsor (person)
- L. Cutter — cosponsor (person)
- L. Garcia Sander — cosponsor (person)
- M. Duran — cosponsor (person)
- M. Lindsay — cosponsor (person)
- M. Snyder — cosponsor (person)
- R. Gonzalez — cosponsor (person)

## Timeline

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

- **2025-03-26T06:00:00+00:00** Governor Signed `executive-signature`
- **2025-03-19T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2025-03-19T06:00:00+00:00** Signed by the Speaker of the House
- **2025-03-19T06:00:00+00:00** Signed by the President of the Senate
- **2025-03-10T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2025-03-07T07:00:00+00:00** House Second Reading Special Order - Passed - No Amendments
- **2025-03-05T07:00:00+00:00** House Second Reading Special Order - Laid Over Daily - No Amendments
- **2025-03-03T07:00:00+00:00** House Committee on Finance Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2025-02-18T07:00:00+00:00** Introduced In House - Assigned to Finance `introduction`
- **2025-02-18T07:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2025-02-14T07:00:00+00:00** Senate Second Reading Passed with Amendments - Committee `reading-2`
- **2025-02-11T07:00:00+00:00** Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole `committee-passage`
- **2025-01-08T07:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e5b9b74d-ace1-4945-9c73-735d46408349`. Confidence: reported (aggregated from official Colorado legislature records).