2018 Legislative Session

Each session we take positions on matters that stand to impact the business community and our economy, focusing on education and workforce, health and wellness and infrastructure. Guided by those focus areas, data and member feedback, our policy decisions are guided by a committee of members and our board of directors.

Have a question about a position we’ve taken? Call us at 303-620-8088 or email us at publicpolicy@denverchamber.org.

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Bill # Title Summary Position Justification Materials Pillars Status
HB18-1001 FAMLI Family Medical Leave Insurance Program

This bill creates the family and medical leave insurance (FAMLI) program in the newly created Division of Family and Medical Leave Insurance in the Department of Labor and Employment. The division would provide partial wage replacement benefits to eligible individuals who take leave from work to care for a new child or a family member with a serious health condition or who are unable to work due to their own serious health condition. The bill expands employer coverage to employers with one or more employee as compared to the 50-employee threshold under the FMLA.

This bill would be costly and burdensome for employers, particularly to small businesses, as they would be required to implement an additional employee payroll deduction. It would also impose significant administrative and operational costs for the state which would be required to administer an insurance program with little certitude of solvency in an economic downturn.

HB18-1005 Notice to Students of Postsecondary Courses

Current law requires a public high school student's education provider to notify the student and his or her parent or legal guardian of their opportunities for concurrent enrollment. This bill requires the notification to include information regarding the benefits of completing concurrent enrollment courses, all concurrent enrollment courses offered at the education provider’s facility, all concurrent courses offered at a postsecondary institution’s facility and all associated costs.

This bill encourages increased understanding and awareness of concurrent enrollment offerings and costs, discourages unnecessary duplication of classes and is mindful of students’ limited resources. The Chamber is supportive of concurrent enrollment as research shows that access to college-level classes while in high school helps prepare students for postsecondary success – this is a critical component of future workforce development.

HB18-1009 Diabetes Drug Pricing Transparency Act 2018

This bill requires drug manufacturers and pharmacy benefit managers to report information regarding diabetes drug prices and related profits. The information from the report is to be posted on the Colorado Department of Public Health and Environment’s website.

The Chamber is working with more than 30 organizations to identify industry-wide strategies that address Colorado’s rising health care costs. While this bill highlights an existing challenge within our healthcare system, we are concerned that this proposal exceeds the state’s legal jurisdiction. There is uncertainty regarding the state’s ability to require federally regulated companies to submit data; additionally, there is considerable inconsistency in the types of pharmaceutical organizations this regulation would impact.

HB18-1014 Social Studies Assessment in High Schools

This bill removes the requirement that the social studies state assessment be administered in high school.

The Chamber has long supported the development of the Colorado Academic Standards and the use of smart assessments in our schools. Colorado is now in the process of implementing the standards and assessments that the Chamber believes will equip our students with the skills needed to succeed in a 21st century workplace. Repealing any of these standards and assessments will add significant unnecessary cost and delay implementation of the high standards we need for our students.

HB18-1030 Prohibit Discrimination Labor Union Participation

This bill prohibits employers from requiring that an employee become, remain or pay dues, fees or other assessments to a labor organization. It would repeal the Labor Peace Act in favor of “Right to Work.”

The Chamber has consistently opposed any efforts to weaken the existing Labor Peace Act because its statutory framework has been providing a balance to ensure a healthy relationship between business and labor in this state. Colorado’s Labor Peace Act is a unique legal middle ground between right-to-work and union states. The Chamber believes that more should be done to educate the nation on our state’s hybrid approach and how it has contributed to Colorado’s economic well-being.

HB18-1033 Employee Leave to Participate in Elections

Current law allows an employee to take leave to vote in an election on the day of the election. This bill expands that leave to include registering to vote, obtaining a ballot or replacement ballot or obtaining documents or identification necessary to vote or register on any day during the eight days prior to the election. It exempts employees who have three consecutive hours in which they’re not scheduled to work in those eight days.

The Chamber is supportive of voter engagement and expanded participation in the election process. Although Colorado has a unique statewide vote-by-mail program, this bill provides employers the flexibility without undue burden, within our current voting system and trends, to make sure employees have the opportunity to participate in Colorado’s election process.

HB18-1034 Career and Technical Education Capital Grant Program

This bill creates a capital grant program in the Department of Labor and Employment allowing the Colorado Workforce Development Council to award grants to area technical colleges, school districts and community colleges that provide career and technical education. Grant money can be used for equipment purchases or construction and maintenance of buildings. Rural applicants will be prioritized.

It is important that we invest in our career and technical education system statewide and equip our students with the skills that will prepare them for the workplace of the future. Trades and technical employers in Colorado face situations where there are more jobs available than skilled people to fill them. This bill will enhance opportunities across Colorado for students following a technical career path and assist in alleviating a labor market shortage in this important field.

HB18-1036 Reduce Business Personal Property Taxes

This bill raises the exemption from property tax for business personal property from $7,400 to $50,000 and continues to adjust it for inflation for subsequent property tax cycles.

The Chamber supports business property tax exemptions that aim to further economic development. This bill reduces the tax burden on small business and allows for more investment in equipment and efficiencies to increase production for Colorado businesses.

HB18-1052 Exception to Two-year Higher Education Service Areas

Current law only allows a community college to offer concurrent enrollment opportunities to education providers within the institution’s college service area. This bill allows a college to provide concurrent enrollment opportunities to providers outside of the institution’s college service area if the designated college does not provide a concurrent enrollment opportunity.

This bill increases access to higher education opportunities by removing geographic boundaries as a barrier to education and will equip our future workforce with the skills our economy depends on. Research shows that access to college-level classes while in high school helps prepare students for post-secondary success – this is a critical component of future workforce development.

HB18-1053 Reclaimed Water Use for Marijuana Cultivation

This bill allows reclaimed domestic wastewater to be used for marijuana cultivation.

Expanding uses for reclaimed water is a critical part of the state water plan approved in 2015. We know that using reclaimed water safely in this manner will free up other sources of fresh water for more appropriate uses. We are committed to maximizing the water we receive on the Front Range instead of asking for more.

HB18-1067 Right to Rest Act

The bill creates a protected class in Colorado called persons experiencing homelessness and explicitly outlines their right to use and move freely in public spaces without discrimination, to rest in public spaces without discrimination, to eat or accept food in any public space where food is not prohibited, to occupy a legally parked vehicle and to have a reasonable expectation of privacy of one's property.

This legislation is unnecessary because the bill duplicates rights already afforded to all people, regardless of housing status, in the U.S. Constitution.

HB18-1069 Reclaimed Water Use for Toilet Flushing

This bill allows reclaimed domestic wastewater to be used for toilet flushing.

Expanding uses for reclaimed water is a critical part of the state water plan approved in 2015. We know that using reclaimed water safely in this manner, will free up other sources of fresh water for more appropriate uses. We are committed to maximizing the water we receive on the Front Range instead of asking for more.

HB18-1071 Regulate Oil Gas Operations Protect Public Safety

This bill requires that the Oil and Gas Conservation Commission regulate oil and gas operations to prevent and mitigate significant adverse environmental impacts on the environment or wildlife.

Colorado already has the most stringent oil and gas regulations in the country, which are regarded as best practices nationally and internationally, reinforcing the effectiveness of the Oil and Gas Conservation Commission in its current form.

HB18-1083 On-demand Air Carriers Sales and Use Tax Exemption

Current Colorado law exempts all aircraft used in interstate commerce by a commercial airline from sales and use tax. This bill extends the current exemption to include on-demand carriers (air charters or air taxi operators).

Extending the sales and use tax exemption to on-demand air carriers will generate positive economic growth because it leaves more funds for carriers to grow and update their fleets in Colorado, increase access in rural communities to transport people and goods across the state and hire more people.

HB18-1093 Reclaimed Water Use for Edible Crops

This bill allows treated reclaimed domestic wastewater that meets state and federal food safety standards to be used for food crop irrigation.

We are committed to maximizing the water we receive for the Front Range; expanding uses for reclaimed domestic wastewater is a critical part of the state water plan approved in 2015. The use of reclaimed water that has been treated according to water quality standards, protects public health and safety, maximizes our resources and will free up other sources of fresh water for more appropriate uses.

HB18-1097 Patient Choice of Pharmacy

This bill prohibits a health plan from controlling costs by choosing which pharmacies to include in its networks.

Chamber members have consistently identified rising cost as the biggest concern with regard to health care. This bill undermines the ability of health plans to negotiate with pharmacies to provide patients with lower-cost options thereby making it more costly for businesses to afford these benefits.

HB18-1098 Roll Over Year-end Balance Environmental Response Account

This bill permits the Colorado Oil and Gas Conservation Commission to roll over environmental response account funds that are not used in one year to the next year, allowing them to tackle larger environmental projects that take more than one year’s worth of funds to address.

Colorado is recognized as a national and international model of responsible oil and gas development. This bill would allow the Commission to tackle larger environmental projects that take more than one year’s worth of funds to address, which is essential to maintaining that balance between responsible development and enforcement of environmental safeguards.

HB18-1113 Small Business Regulatory Reform

This bill requires state agencies to develop, and make available electronically, fact sheets for new rules that affect businesses with 100 employees or less and requires them to issue written warnings for first-time minor violations that do not impact health or safety.

This bill alleviates administrative and financial burden on small business that lack the resources and capacity to employ full-time staff to focus on regulatory compliance.

HB18-1125 Tax Credit Employer-assisted Housing Pilot Program

This bill creates an income tax credit pilot program to promote employer-assisted housing projects in rural areas.

This bill encourages local workforce housing in rural Colorado, which supports the growth of our state’s economy by providing diverse housing options for our workers throughout Colorado communities.

HB18-1128 Protections for Consumer Data Privacy

This bill requires that Colorado organizations that maintain documents that contain personal information develop a written policy for the destruction and proper disposal of those documents.

While data security is a critical concern for all organizations, this bill complicates, and in some cases, may conflict with data privacy processes already in place. As drafted, it would create an unnecessary burden on business, particularly smaller companies. We look forward to working with the bill sponsors on clarifying details, such as notification periods and defining personal information.

HB18-1135 Extend Advanced Industry Export Acceleration Program

This bill extends the advanced industries export acceleration program through November 2024. This grant program provides funding for early and second-stage development of companies in identified advanced industries including advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering and information technology.

The Chamber continues to support the Advanced Industry (AI) Accelerator Act, enacted in 2013, as it enhances innovation, cross-sector partnership, job creation, capital investment and economic success across the state.

HB18-1157 Increase Reporting Oil and Gas Incidents

This bill requires additional reporting for oil and gas operators for certain major and minor reportable events.

This bill duplicates current reporting required by the Colorado Oil and Gas Conservation Commission for oil and gas operations in Colorado. Colorado is recognized as a national and international model of responsible oil and gas development with the most stringent oil and gas regulations in the country.

HB18-1185 Market Sourcing for Business Income Tax Apportionment

This bill would replace cost-of-performance sourcing with a market source approach for the purposes of corporate income taxation. Under this system, receipts for the sale of services are apportioned to Colorado companies based on where the service is delivered, not where the service is performed, bringing Colorado in line with a change most other states have made.

As the nation continues to move toward a service-based economy, this bill provides a more equitable method for applying taxes, creates a level playing field for Colorado businesses when competing with states who have market-based sourcing systems and supports our economic vitality by making Colorado more attractive for businesses to locate here.

HB18-1188 Electronic Data Transportation Infrastructure

Current law requires a state or local agency to get a search warrant before obtaining location information from an electronic device. The bill authorizes the Colorado Department of Transportation to use highway infrastructure technology to communicate with motor vehicles using vehicle location information to facilitate transportation or manage traffic.

Technology is vital to the future of transportation and connected mobility in Colorado. This bill will enable solutions that improve roadway reliability, efficiency and safety, providing the state with a more easily accessible, technologically advanced and seamlessly integrated mobility system.

HB18-1190 Modify Job Creation Main Street Revitalization Act

This bill extends the current tax credits allowed under the Colorado Job Creation and Main Street Revitalization Act to the year 2029. These tax credits are allocated to those who incur costs preserving and revitalizing a historical structure, allocating more credits when the structure is located in a rural community.

Colorado’s economic vitality and competitiveness is dependent on the economic success of both the Front Range and quality of life provided by our mountains and plains. Reinvestment in main streets across the state would continue to drive economic growth, job creation and preservation of historic communities in rural and metro areas.

HB18-1195 Tax Credit Contributions Organizations Affordable Housing

This bill creates a 50 percent state income tax credit for any individual or company who makes a donation to an eligible developer for the construction of affordable owner-occupied housing projects for income tax years 2019-2030.

Our ability to recruit and retain our workforce is critical to our success. The Chamber supports solutions that incentivize the building of attainable housing for our workforce so that Colorado remains an attractive place to do business and live.

HB18-1201 Severance Tax Voter-approved Revenue Change

This bill refers a measure to the 2018 ballot that would allow the state to retain severance tax revenues when state revenues push collections above the TABOR (Taxpayer’s Bill of Rights) cap. It would also require that severance taxes collected only be used for the designated uses of this tax and not be transferred to the general fund.

Severance tax revenue collected by the state is divided between the Department of Natural Resources (DNR) and Department of Local Affairs (DOLA), where the funds are used toward the conservation of the state's water resources and programs that promote and encourage all-inclusive natural resource development. When state revenues exceed the arbitrary cap established by TABOR, this can result in cuts to funding; this bill ensures we continue to direct it to these important projects throughout the state that sustain the state’s economic growth.

HB18-1206 Live and Let Live Act

This bill would allow businesses to decline service to people based on their religious beliefs.

The Chamber is committed to helping Colorado companies grow and thrive, attract new businesses and build a strong and healthy workforce. We advocate for policy that makes Colorado the best place to do business and oppose legislation that hinders our ability to do so. If passed, this bill would set Colorado back over several decades and allow for rampant discrimination, sending a message that conflicts with the inclusive and collaborative culture the business community has worked hard to build and maintain here in Colorado and putting our ability to attract top companies and workers at risk.

HB18-1217 Income Tax Credit for Employer 529 Contributions

This bill creates an income tax credit for an employer who makes a contribution to an employee’s 529 qualified state tuition program account for income tax years 2019 through 2021.

Investment in professional and educational development for our workforce not only creates a competitive edge for companies to recruit and retain employees, but ensures our workforce can meet the demands and access the knowledge and training necessary to fill the jobs vital to our economic success.

HB18-1237 Sunset Continue Cost-benefit Analysis for Rules

This bill extends the rule that requires departments to publish information about the cost-benefit analysis of rules and regulations indefinitely.

Publishing the cost-benefit analysis of rules and regulations is beneficial to employers because the impacts on business, especially small business, can be evaluated with this process. This data can be used to inform rule-making and to create regulations that support a healthy business climate.

HB18-1250 Analysis to Improve Compliance with Rules by Businesses

This bill requires each state agency to conduct an analysis of noncompliance with its rules to identify rules with the greatest frequency of noncompliance, rules that generate the greatest number of fines, how many first-time offenders were given the opportunity to cure a minor violation and what factors contribute to noncompliance by regulated businesses.

This bill allows state agencies to better understand which rules cause the most confusion to businesses and lead to noncompliance. The Chamber supports legislative strategies that help companies understand state rules and educate them in how to comply, rather than penalize them.

HB18-1256 Sunset Continue Civil Rights Division and Commission

This bill extends the Colorado Civil Rights Division and the Colorado Civil Rights Commission
through Sept. 1, 2027.

The Colorado Civil Rights Division and Commission are charged with enforcing the state's anti-discrimination laws in the areas of employment, housing and public accommodations. They are a valuable and less costly resource for business, especially small business, to resolve discrimination disputes through arbitration and educational programs.

HB18-1261 Colorado Arbitration Fairness Act

This bill increases required disclosures by arbitrators and allows for litigation to be brought
against arbitrators based on a challenge of impartiality or failing to comply with this statute.

Colorado’s current process for consumer and employment arbitration has shown to be a successful and less costly resource for dispute resolution. Requiring these disclosures could lead to additional unnecessary litigation, slowing down the resolution process and making it more costly and time consuming for Colorado businesses.

HB18-1262 Arbitration Services Provider Transparency Act

This bill requires that arbitration service providers make public certain previously confidential information on arbitrations administered in the previous five years.

Colorado’s current process for consumer and employment arbitration has shown to be a successful and less costly resource for dispute resolution. Requiring these disclosures could lead to additional unnecessary litigation, slowing down the resolution process and making it more costly and time consuming for Colorado businesses.

HB18-1271 Public Utilities Commission Electric Utilities Economic Development Rates

This bill allows the Public Utilities Commission (PUC) to allow utilities to charge lower “economic development rates” to commercial users who locate or expand their operations in Colorado. The bill also authorizes the expansion of a voluntary renewable energy program to meet the needs of a commercial user that makes a significant capital investment in Colorado and wants to utilize the program.

The cost of energy plays a major role in a company’s decision to locate or expand operations in Colorado, which has a substantial impact on job creation and opportunity for our state. This bill provides a unique, performance-based and value-added approach to attracting and retaining companies across all industry sectors and is in alignment with other state economic development programs. It also sets thoughtful and substantive measures to ensure that eligible projects meet or exceed PUC standards.

HB18-1274 Reduce Greenhouse Gas Emissions by 2050

This bill requires that statewide greenhouse gas emissions be reduced by at least 80 percent of 2005 levels by the year 2050.

We support responsible energy development, and strong public health, safety and environmental safeguards. However, this bill is unnecessary, the marketplace on its own is moving in the direction of lower greenhouse gas emissions without the need for a mandate. The requirements in this bill are arbitrary and unsupported by any research; and the bill lacks a clear plan in place for how to achieve the reductions it calls for.

SB18-006 Recording Fee to Fund Attainable Housing

This bill increases the recording or filing fee paid to the county clerk and recorder for each document received for recording or filing. The new money will be allocated to a statewide affordable housing investment fund.

While the Chamber is actively engaged in finding solutions to incent the building of attainable housing for our workforce, there is no nexus between the fee and its planned allocation. The current fee is collected strictly to cover the costs of recording documents by the county clerk. Collecting funds beyond the cost of the recording and spending the funds collected on the allocation outlined in this bill creates a TABOR issue. When examining public funding to support building attainable housing, the Chamber believes everyone must contribute toward the solution and no individual or group should bear the burden alone.

SB18-007 Affordable Housing Tax Credit

This bill changes the name of the existing low-income housing tax credit to the affordable housing tax credit and extends the credit for five years. Modeled after the federal program, the state program allows the Colorado Housing and Finance Authority to allocate tax credits for the development of low-income rental housing.

Since the original bill was signed into law in January 2015, the state has seen tremendous success with the low-income housing tax credit. This bill would extend the program’s life and further provide families and individuals with opportunities for affordable housing in the state of Colorado. This is a great example of a successful public private partnership in Colorado

SB18-009 Allow Electric Utility Customers to Install Energy Storage Equipment

This bill prohibits a utility from being able to accurately measure the amount of energy a customer with an electricity storage system on their property is distributing back to the grid by removing the utility’s right to install additional meters on the customer’s property. It also allows electric customers to install, interconnect and use electricity storage systems on their property without restrictions or regulations and without additional rates or fees.

Residents of Colorado receive compensation when they distribute energy back to the grid. Without the ability to measure the amount of energy redistributed, the utility cannot adequately compensate a customer for his or her energy. Furthermore, without the ability to monitor the levels of energy returned to the grid, safety is at risk, as the extra energy could result in voltage issues that can cause power surges and grid blackouts.

SB18-038 Reclaimed Water Use on Industrial Hemp

This bill allows reclaimed domestic wastewater to be used for industrial hemp cultivation.

Expanding uses for reclaimed water is a critical part of the state water plan approved in 2015. We know that using reclaimed water safely in this manner will free up other sources of fresh water for more appropriate uses. We are committed to maximizing the water we receive on the Front Range instead of asking for more.

SB18-048 Protect Act Local Government Authority Oil & Gas Facilities

This bill expands the land use authority of local governments in relation to oil and gas mineral extraction areas.

Colorado has a distinct way of doing business that involves working together, respecting proven processes, compromising and finding common ground. As a state that is recognized as a national and international model of responsible oil and gas development, with strong regulations on all oil and gas production activities, including enforcement of environmental safeguards and protection again waste, a patchwork of local regulations doesn’t make sense. Allowing regulation to vary from each municipality would create unnecessary complication and add an increased administrative burden that would negatively impact the industry and our economy.

SB18-063 Oil Gas Higher Financial Assurance Reclamation Requirements

This bill requires that an oil and gas operator be able to demonstrate that they have the finances to cover all foreseeable expenses should an event occur where they have failed to meet compliance obligations. Only at that time would the Colorado Oil and Gas Conservation Commission be allowed to issue financial assurance to approve operations.

The Colorado Oil and Gas Conservation Commission has already set forth stringent regulations on oil and gas that benefit the environment and enhance public safety. SB18-063 increases the financial assurance required by the commission to prohibitively high levels. This would lead to the failure of many small operators and even cause the largest of operators to deter investment into Colorado which, in the end, has negative impacts to our state’s overall economy and jobs.

SB18-064 Require 100% Renewable Energy By 2035

This bill updates the renewable energy standard to require that all electric utilities, including cooperative electric associations and municipally owned utilities, derive their energy from 100 percent renewable sources by 2035.

Colorado is already very aggressive in the transition toward an “all of the above” approach when it comes to the usage of renewable energy sources. The marketplace on its own, is moving in the direction toward complete use of renewable energy without the need for a mandate.

SB18-066 Extend Operation of State Lottery Division

The State Lottery Division of the Department of Revenue is scheduled to terminate on July 1, 2024. This bill repeals the scheduled termination and permanently establishes the division.

The Colorado Lottery has successfully provided funding for outdoor recreation via Great Outdoors Colorado (GOCO), the Conservation Trust Fund and Colorado Parks and Wildlife, all of which generate jobs and provide significant economic benefits to the state. Proceeds collected that exceed the inflation-adjusted cap are allocated to the state’s schools construction assistance fund. Continued investment in Colorado’s outdoor recreation through lottery funds will not only continue to make Colorado an attractive tourist destination but also an attractive place to live and do business.

SB18-069 Enforcement Statewide Degree Transfer Agreements

This bill states that an institution of higher education that requires a student to complete additional credit hours covers the cost of the student’s tuition for any required credit hours above 120 credit hours, if the student is admitted as a junior and a transfer student who holds an associate of arts, applied science or science degree.

This bill holds institutions of higher education accountable for upholding their transfer agreements. The Chamber supports removing barriers to educational attainment, allowing more students to be prepared to meet the future needs of businesses and the jobs on which our economy depends.

SB18-088 Taxation of Retail Marijuana Sales

This bill reinstates retail marijuana sales taxes that were erroneously removed by SB17-267 and clarifies that retail marijuana sales shall remain subject to the sales taxes of the Regional Transportation District, the Scientific and Cultural Facilities District and the Health Services District that were levied before July 1, 2017.

Reinstating marijuana tax revenues that were unintentionally removed via SB17-267 will restore special district funding to the levels these organizations had budgeted before the error took place and will allow them to continue to provide services on which our community depends.

SB18-118 Local School Board Authority Over Charter Schools

Current law allows a charter applicant that was denied a charter by a school board to appeal to the state board of education a second time in the event that the state board sends the decision back to the school board and the school board confirms its prior decision. This bill removes the charter applicant’s right to appeal.

It is important that all students have access to an education that will prepare them to enter the workforce successfully. This bill threatens current charter school operations and future development and it could limit school choice which is crucial to parents when making decisions that fulfill their child’s educational needs.

SB18-167 Enforcement Requirements 811 Locate Underground Facilities

This bill creates the Underground Damage Prevention Safety Commission to help bring Colorado law surrounding underground excavations up to the standards of the Colorado Department of Transportation’s Pipeline and Hazardous Materials Safety Administration’s requirements.

The creation of this commission streamlines the call process to conduct excavation projects in Colorado, bringing important enforcement procedures up-to-date, increasing clarity and public safety.

SB18-171 Marketplace Contractor Workers’ Compensation Unemployment

Under current law, the Colorado Workers’ Compensation Act (CSCA) and Employment Security Ace
(CESA) determine whether a business is an employer through a nine-part test. This bill establishes a 10-part test
that is consistent with current law but includes businesses and independent contractors operating with online
platforms to connect consumers with transportation, delivery, household and other services.

Advances in technology continue to change the way we live and work. This bill, addresses the innovations of the on-demand sector, allowing independent contractors the ability to operate and provide services to consumers in a business environment that supports these innovative workplace arrangements which will become more prevalent in the future.

SB18-200 SB18-200 Modifications to PERA Public Employees' Retirement Association to Eliminate Unfunded Liability

This bill implements changes to the Colorado Public Employees’ Retirement Association (PERA) with the goal of eliminating the unfunded liability and reaching a 100 percent funded ratio for each division within the next 30 years.

It is critically important to make the necessary changes to improve the financial viability of PERA in this 2018 legislative session. Every year that the legislature fails to act costs Colorado taxpayers more money and negatively impacts the state’s credit rating and its ability to attract companies and jobs. Although this bill is not perfect, it is an important step towards addressing the state’s pension system’s $32 billion unfunded liability.