Plan Administration
The General Employees’ Retirement Plan was established by the Aurora City Council in 1967 for the exclusive benefit of participating City employees and their beneficiaries. Effective June 30, 2003, GERP’s administrative staff members are also eligible to participate in the Plan.
Plan provisions are found in sections 102-136 through 102-152 of the City of Aurora Municipal Code. Responsibility for the administration and proper operation of the Plan is delegated to the ten trustees who comprise the General Employees’ Retirement Board. Board members serve without compensation, except for reimbursement for any necessary expenses incurred in the performance of their authorized duties.
Stay in the Know
COST OF LIVING ADJUSTMENT
GERP’s Tier 1 and Tier 2 retirees will receive a 5% cost of living increase to the Regular Benefit on January 1, 2023. The Supplemental Benefit remains unchanged.
WORKSHOPS
GERP’s next Retirement Ready Workshop has not yet been scheduled. Employees who are 50 years or older and who have not already participated in this workshop will receive invitations in the mail in advance of the event. Please call (303) 368-9160 for more information.
LOOKING FOR A FINANCIAL PLANNER?
Here is a checklist to help you select the right financial planner for you. Checklist.
HOW TO BUDGET
Get a head start on budgeting for retirement by downloading this Excel spreadsheet. Retirement Workbook Template (Excel format).
INFORMATION ABOUT YOUR BENEFITS
For more information on your benefits, please choose one of these two categories. Hired Before 2012 or Hired After 2011.
ONLINE ACCESS TO PENSION ACCOUNT FOR RETIREES
If you currently receive a monthly pension from GERP, you can now set up online access to your account. Once access is established, you can change your address, adjust tax withholding, request tax forms, view statements and more! More information can be found HERE
Our Publications
To request printed copies of any of the materials listed below, email us at info@auroragerp.org or call (303) 368-9160. You may read and print each document’s Adobe Acrobat file by clicking on its hyperlink.
Consultants and Advisors
CERTIFIED PUBLIC ACCOUNTANTS:
BKD LLP, Denver, CO
CUSTODIAN AND BENEFIT PAYMENT PROVIDER:
Northern Trust, Chicago, IL
INVESTMENT CONSULTANT:
Callan Associates, Inc., Denver, CO
LEGAL ADVISOR:
(Tax & Regulatory Issues) Reinhart Boerner Van Deuren SC, Englewood, CO
PENSION ACTUARY:
Milliman, Denver, CO
PARTICIPANT EDUCATION CONSULTANT:
Strategies Capital Management, Denver, CO
INVESTMENT ADVISORS:
Abbott Capital Management, New York, NY
American Century Investments, Kansas City, MO
BlackRock Inc., New York, NY
Capital Group, Los Angeles, CA
Cohen & Steers Capital Management, New York, NY
Dodge & Cox, San Francisco, CA
HarbourVest Partners, Boston, MA
Heitman, Chicago, IL
Molpus Woodlands Group, Jackson, MS
Morgan Stanley, New York, NY
Pantheon, San Francisco, CA
Segall Bryant & Hamill, Denver, CO
Smith Graham & Co., New York, NY
Western Asset Management Co., Pasadena, CA
Administrative Staff
Steve Shanks, Pension Plan Administrator
Aaron D. Kahn, Benefit Administrator
Becky Schiller, Administrative Coordinator
Board of Trustees
Responsibility for the administration and proper operation of the Plan is delegated to the ten trustees who comprise the General Employees’ Retirement Board. Board members serve without compensation, except for reimbursement for any necessary expenses incurred in the performance of their authorized duties.