Established in 1931 by the Colorado General Assembly, the Public Employees' Retirement Association of Colorado (PERA) provides retirement and other benefits to more than 600,000 current and former public employees, including teachers, state troopers, and judges. As Colorado's largest public pension plan, PERA's mission is to promote long-term financial security for its members while maintaining the stability of the fund. It operates as a substitute for Social Security for most of its members and manages a diversified investment portfolio to fund the promised defined benefits.

Founded in

United States