For the first time since the state pension’s finances cratered in the early 2000s, the Colorado Public Employees’ Retirement Association is putting together a legislative proposal to bring some relief to its beleaguered members.

At the pension board’s annual retreat in Colorado Springs earlier this month, pension officials offered a number of ideas to prevent — or at least delay — another round of automatic adjustments to the system’s finances.

If the legislature agrees, the changes could spare retirees from additional cuts to their monthly pension checks, and stave off even higher payroll deductions from public worker salaries.

PERA is also considering reducing contribution rates for local governments and the judicial branch, both of which are in much better financial shape than the

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