The staff at the Colorado Legislative Council has posted a new summary paper of SB1 on their website. The description of how retirees’ Annual Benefit Increases (ABI) are affected begins in the middle of page 11, and there is a table on page 13 that compares increases pre- and post- SB1. PERA Executive Director Meredith Williams has publicly estimated a savings to PERA of $9 billion over time due to the ABI cuts. We estimate it as four times that amount. To see the report, click on Colorado PERA 2010 Reform Legislation and Historical Funded Status .
Legislative Council Staff Publishes SB1 Paper