Transition communications

At Colorado PERA, we are committed to seeking out total reward solutions that benefit our membership. In doing so, we are pleased to announce that beginning the week of December 5, 2021, the PERAPlus 401(k)/457 and DC Plans will be administered by Empower Retirement.

This change is designed to give you more ways to access and manage your retirement savings, improve your overall retirement planning experience, and empower you to make the journey to retirement as rewarding as every day after.

As part of the move, you'll enjoy these great features:

  • The Empower Retirement mobile app provides the freedom to enroll, access and view your account anywhere — anytime right from your iOS® or Android™ devices.
  • An updated account website with interactive, multimedia learning experiences, a Learning Center, financial wellness tools to help you improve your financial health, and financial modeling tools and calculators with available solutions to help you prepare for retirement.
  • My Financial Path: Whether you’re new to the workforce, in the middle of your career or getting close to retirement, My Financial Path provides personalized, actionable steps you can take to reduce financial stress and get closer to achieving your goals.
  • A Health Cost Estimator that shows health care costs at different ages in retirement based on your personalized data.
  • Easy-to-understand investment performance and education materials.

iOS is a registered trademark of Cisco in the U.S. and other countries and is used under license.

Android is a trademark of Google LLC.

Transition Guide
Important information for participants with an existing loan

About Empower

We've been serving retirement plans for 40 years. Through acquisition and growth, we've become the second-largest provider in the country. Retirement isn't just what we do. It's all we do. Our primary focus is delivering the highest level of service possible to help millions of people just like you work toward a successful future.

Fun Facts

You can look forward to using Empower’s leading website experience to help you plan and manage your retirement savings.

1 Pension & Investments 2020 Defined Contribution Survey Ranking as of April 2021.

2 As of June 30, 2021.

Key dates

To make changes to your account before the blackout period, contact Voya Financial online at copera401k.voya.com.

Prior to 2 p.m. (Mountain time)

  • This is your last day to contact Voya to request account transactions, including contribution changes, investment election changes, loans (if applicable) or withdrawals.

Blackout period begins at 2 p.m. (Mountain time)

  • Fund transfers, investment elections and deferral changes will be unavailable for the duration of the blackout period.
  • Payroll deductions will continue during the blackout period and will be reflected in your account when the blackout is complete.

Blackout period ends

  • Enjoy full access to your retirement account online and by phone.

For full details, please see the transition brochure on the Transition communications tab.

Dates and times are subject to change.

Empower Retirement, LLC and its affiliates are not affiliated with Voya.

A new approach to administrative fees

Participants in the PERAPlus 401(k)/457 and DC Plans pay fees. These fees cover management of the investments within your Plans, administrative fees for services, such as recordkeeping and accounting, and legal fees. The fund managers for the Plans' investment options also charge fees to cover the costs of managing their respective funds and other operating costs. Click here to learn more.

Questions?

Call Empower at 833-4-COPERA
(833-426-7372).

Retirement representatives are available Monday through Friday from 6 a.m. to 8 p.m. (Mountain time) and Saturdays from 7 a.m. to 3:30 p.m. (Mountain time).

Stay tuned!

Keep an eye on your mailbox for additional information that will be sent to your home address in late October.