Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0181.01 Gregg Fraser x4325   SENATE BILL 12-084
                   SENATE SPONSORSHIP
 Lambert, 
 
                    HOUSE SPONSORSHIP
 Swalm, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 Finance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning public employees' retirement association
            transparency.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            All information contained in the records of a member or retiree of
       the public employees' retirement association (PERA) is currently
       confidential. The bill would allow for the annual disclosure of specific
       information related to members and retirees who have ever been elected
       officials or cabinet-level appointees of elected officials.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 24-51-213, add (4)
       as follows:
            24-51-213.  Confidentiality. (4)  Notwithstanding any other
       provision of this section to the contrary, plan solvency
       information contained in the records of a member, inactive
       member, or retiree who has ever received any amount of salary
       as an elected official or as a cabinet-level appointee of an
       elected official shall not be kept confidential. Plan solvency
       information for each such member shall be made available
       annually by the association to the public. For purposes of this
       subsection (4), "plan solvency information" means a person's
       name, each position held during employment with an employer,
       amount of any annual salary paid for each position, amount of
       employer and employee contributions paid on such salary, age
       of retirement, highest average salary, and amount of any
       benefits paid.
            SECTION 2.  Act subject to petition - effective date. This act
       shall take effect at 12:01 a.m. on the day following the expiration of the
       ninety-day period after final adjournment of the general assembly (August
       7, 2012, if adjournment sine die is on May 9, 2012); except that, if a
       referendum petition is filed pursuant to section 1 (3) of article V of the
       state constitution against this act or an item, section, or part of this act
       within such period, then the act, item, section, or part shall not take effect
       unless approved by the people at the general election to be held in
       November 2012 and shall take effect on the date of the official
       declaration of the vote thereon by the governor.