Colorado SJR016 encourages financial education and considers adding lifetime income options to retirement plans.

Colorado SJR016 recognizes the importance of retirement security and encourages workers to seek financial education. It highlights the benefits of Colorado's public employees' retirement association (PERA) plans, including the defined benefit (DB) and defined contribution (DC) plans. The resolution suggests adding lifetime income options to the DC plan and voluntary savings plans to ensure public employees have guaranteed income in retirement. This measure aims to improve retirement readiness and confidence among Colorado's public employees.

Colorado SJR016 encourages financial education and considers adding lifetime income options to retirement plans.

Colorado SJR016 recognizes the importance of retirement security and encourages workers to seek financial education. It highlights the benefits of Colorado's public employees' retirement association (PERA) plans, including the defined benefit (DB) and defined contribution (DC) plans. The resolution suggests adding lifetime income options to the DC plan and voluntary savings plans to ensure public employees have guaranteed income in retirement. This measure aims to improve retirement readiness and confidence among Colorado's public employees.