Each employer in the public employees' retirement association (PERA) contributes a percentage of its total employer payroll to PERA in the form of an employer contribution, an amortization equalization disbursement (AED), and a supplemental amortization equalization disbursement (SAED). A portion of the employer contribution goes to the health care trust fund and the remainder is deposited into the pension trust fund for each division of PERA to pay benefits. The AED and the SAED are to reduce PERA's unfunded liability and amortization period. The bill requires that for the calendar year beginning January 1, 2018, and for each calendar year thereafter, the total of the employer contribution, the AED, and the SAED for any employer will not exceed the total contribution rates for the 2018 calendar year pursuant to current law. The rates are as follows: For the state division, 20.15% of an employer's total payroll; except that, for state troopers, the total is 22.85% of an employer's total payroll; For the school division, 20.15% of an employer's total payroll; For the Denver public schools division, 20.15% of an employer's total payroll; For the local government division, 13.70% of an employer's total payroll; and For the judicial division, 17.36% of an employer's total payroll.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Supplemental appropriations are made to the department of military and veterans affairs. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Joint Budget Committee. The general assembly recognizes that the actual funded pupil count and the actual at-risk pupil count were less than anticipated during the 2016 legislative session. In addition, local property tax and specific ownership tax receipts were less than anticipated, reducing the local share of total program funding. The bill reflects the general assembly's intent to maintain the state share of school districts' total program funding at the level of the original appropriation during the 2016 legislative session, and to adjust total program funding, after application of the negative factor, to reflect a reduction in the negative factor. The bill appropriates $3,950 cash funds from the state education fund to align the hold-harmless full-day kindergarten funding with the change in total program funding. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Statutory Revision Committee. The bill implements 2 recommendations related to title 22 from the department of education to the statutory revision committee. The first recommendation is to change the single remaining statutory reference in title 22 that names October 1 as a mileage or pupil enrollment count date to the 'pupil enrollment count day, as defined in section 22-54-103 (10.5)' in order to conform with the rest of the references in title 22. The second recommendation is to delete from statute the phrases 'accredited independent school' and 'accredited nonpublic school' because the state board of education does not accredit either type of school. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Joint Budget Committee. Under current law, the Colorado commission on higher education (commission) is prohibited from allocating more than $800,000 annually for purposes of providing tuition assistance to members of the National Guard. The bill removes statutory provisions relating to the limit on appropriations and the commission's allocation of money for the tuition assistance program.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Supplemental appropriations are made to the department of human services. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Joint Budget Committee. If there is an insufficient cash balance in the risk management fund, the self-insured property fund, or the state employee workers' compensation account in the risk management fund (state self-insurance funds) to pay continuously appropriated premiums and claims-related expenses, the bill authorizes the executive director of the department of personnel to request the state treasurer to transfer money from another state self-insurance fund's reserve balance to the fund with the deficiency. The state treasurer is required to make the requested transfer and then, in the next annual general appropriations act, the general assembly is required to appropriate an identical amount to the fund from which the transfer was made. The department is prohibited from using the transferred amounts for the cost of operating the risk management system.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Statutory Revision Committee. The bill fixes an incorrect amending clause from Senate Bill 16-146, 'Concerning modernizing statutes related to sexually transmitted infections', that failed to repeal the entirety of part 14 of article 4 of title 25 prior to the repeal and relocation of sections in that part 14. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The bill requires the Colorado office of economic development to establish and maintain an international sister-state relationship program. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Supplemental appropriations are made to the department of education. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Supplemental appropriations are made to the offices of the governor, lieutenant governor, and state planning and budgeting. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Committee on Legal Services. This bill enacts the softbound volumes of Colorado Revised Statutes 2016 and the 2016 Special Supplement as the positive and statutory law of the state of Colorado and establishes the effective date of said publications. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
