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As a member of Colorado PERA, you are eligible to receive a monthly retirement benefit when you reach age 65 or meet the age and service requirements listed on this fact sheet.
Simply so, when did Pera start?
1931
Likewise, can you buy years in Pera?
» If you are a Local Government Division employee, you may qualify to purchase more than 10 years of service credit if you were employed on the date your employer affiliated with PERA and the employer affiliated with PERA after November 1, 2003.
Your PERA retirement benefit is based on your years of service credit and your age at retirement. It is calculated using a percentage of your Highest Average Salary (HAS). If you want to learn about how your benefit will be calculated, including how your HAS will be determined, refer to the Retirement Process booklet.