How do I check my PERA balance?

A: You may obtain your account balance in two ways: 1) Log into your RIO Account and view your account information 24/7; or 2) Call 1-800-342-3422 and follow the instructions on the Interactive Voice Response (IVR) system or stay on the line and speak to a PERA Customer Service Representative.

How do I withdraw money from PERA?

Most PERA plan administrators have a termination form that you can download online. You must complete and submit the termination form before you can cash out your account. Your signature must be notarized by a state notary, or your form will be rejected.

Can I collect Social Security and PERA?

Yes. There is nothing that precludes you from getting both a pension and Social Security benefits.

How long does it take to be vested in PERA?

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.

Is Colorado PERA a 401k?

401(k)/457 Plans (PERAPlus) for Employers All PERA employers offer the PERAPlus 401(k) Plan, but you can choose to also offer the PERAPlus 457 Plan and a Roth option.

What if I leave PERA?

You will pay taxes when you withdraw your PERA account, either as an ongoing monthly benefit or as a one-time payment if you refund your account. If you refund your account before age 59½, you may also be subject to a federal 10% early withdrawal penalty.

How many years does it take to be vested in PERA?

At what age can you retire in Colorado?

age 65
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. For retirement benefit information, see the Colorado PERA website at www.copera.org and review the Your PERA Benefits and/or Retirement Process booklets.

How do I withdraw from Colorado PERA?

You may also call 1-800-759-7372 and select the PERAPlus option.

Age 59½ withdrawals* can be taken from your account if you are age 59½ or older.
After-tax withdrawals* can be taken from your after-tax money (this is different from Roth money).
Rollover withdrawals* can be taken from your rollover account.

Who are Colorado Pera employers?

Colorado PERA has over 500 affiliated employers including the State of Colorado, all school districts, the judicial system, and many municipalities and local government entities.

How do I contact Pera customer service?

Call PERA’s Customer Service Center at 1-800-759-7372. You should also call other affected organizations, like Social Security, the retiree’s bank, other financial account managers (like an IRA), a life insurance company, or the Veterans Administration. PERA will be closed on the following holidays:

When will Colorado Pera member contribution rates increase?

In July 2021, member contribution rates will be increasing by 0.5% for most members. This is the third phased-in scheduled increase as… On March 19, 2021, the Colorado PERA Board of Trustees authorized staff to enter into contract negotiations with Empower to be the…

Is it time to review your Pera benefits?

If you’ve been working at your employer for several years, it’s a good time to review your PERA benefits to keep you on track. Your retirement is in plain sight and PERA is here to help as you prepare to take this important next step on your journey.

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