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  • Election And Release Form Perachoice

Get Election And Release Form Perachoice

PERAChoice Election and Release Form Colorado Public Employees Retirement Association PO Box 5800, Denver, Colorado 80217-5800 303-832-9550 or 1-800-759-PERA (7372) Fax: 303-863-3727 www.copera.org.

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Related content

PERA Comprehensive Annual Financial Report (CAFR)
Jun 21, 2019 — Expand Defined Contribution Choice (PERAChoice) to employees hired...
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What is Colorado PERA? PERAChoice Eligibility ...
If you answered No, read the subsequent pages and complete the PERAChoice Election and...
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What is the PERA DC Retirement Plan? The PERA DC plan is a defined contribution plan where an employee's benefit amount at retirement is limited to the balance in their retirement account from all contributions and investment earnings or losses over the lifetime of their account (minus fees).

As a PERA retiree, you will receive a lifetime monthly benefit payment. You can also choose a benefit option that will continue to pay a person of your choice following your death. The person receiving the continuing benefit is called your cobeneficiary.

Leaving Your Account(s) With PERA Your DB Plan account(s) will remain tax-deferred, continue to accrue interest, and you may do a refund/rollover at any time.

Colorado PERA represents over 500,000 members which provides some significant advantages to you in terms of economies of scale and in terms of investment returns. Because PERA is so large, it is able to both invest at low cost and to invest in areas that are not available to you as an individual investor.

If the person first became a member after June 30, 2010, five years of service credit is needed to be vested. Vested members have three options upon termination: 1. Apply for PERA benefits - Specific rules with regard to age and number of years of service govern when a member may retire and the amount of the pension.

PERA is a “qualified” retirement plan under the Internal Revenue Code (IRC) Section 401(a). As a hybrid Defined Benefit (DB) Plan, PERA benefits are based on a formula that is set by law. For most PERA members, PERA serves as a substitute for Social Security.

Vesting in the Plan 50%Immediately*60%At the end of one year of membership*70%At the end of two years of membership*80%At the end of three years of membership*90%At the end of four years of membership*2 more rows

You are vested in PERA after 36 months of public service (60 months for members hired after June 2010). Being vested means you qualify for benefits at the minimum allowable age.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232