Staff Publications Overview of Colorado Public Employees Retirement Association (PERA) Subject: Financial Services & Commerce State Government Published: October 19, 2026 Publishing Agency: Legislative Council Staff Roughly one in ten Coloradans are members of the Colorado Public Employees’ Retirement Association (PERA), which is a pension plan that substitutes Social Security for most participating public employees. This memorandum provides an overview of PERA with a focus on the state legislature’s role in the pension system. View Document