Pension Fund

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Colorado Retirement Association

Colorado Retirement Association serves over 32,000 local government employees with a self-managed Book Value Fund from its base in Littleton, Colorado.

Colorado Retirement Association

The Colorado Retirement Association was founded in 1968 as the Colorado County Officials and Employees Retirement Association (CCOERA). Tim Mullen serves as Executive Director. The entity provides retirement plans to employees of Colorado counties, municipalities, and special districts — a structure supported by strategic partnerships with Colorado Counties, Inc. (CCI) and the Colorado Municipal League (CML). The Association's investment posture is consolidated within its proprietary CRA Book Value Fund. Specific asset-class exposures are not publicly disclosed. The fund's structure suggests a focus on capital preservation and stable returns for participant accounts, though the composition between fixed income, real assets, and equity components remains opaque. No direct co-investments, SPVs, or private fund commitments have been identified in public records. The organization serves a geographic base concentrated entirely in Colorado, with participant employers spread across its counties and municipalities. Board governance includes T.E. (Tobe) Allumbaugh, a Crowley County Commissioner, and Adam Ford, a senior administrator with the Garfield County Sheriff's Office. The Association maintains a corporate office in Littleton, Colorado, and administers a small scholarship program for participants. No recent operational events or restructuring announcements have been publicly recorded in the last 24 months. Unlike state-wide entities such as Colorado PERA, this Association functions as a non-profit, multi-employer retirement provider specifically for local governments. Its governance board includes elected county officials, embedding direct political oversight into plan administration — a structure that distinguishes it from independently governed pension trusts.

General information

Firm type

Pension Fund

Year founded

1968

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Littleton

Corporate office

751 SouthPark Drive, Littleton, CO 80120, United States

Principals

Tim Mullen

Executive Director

T.E. (Tobe) Allumbaugh

Board Member (Chosen County Member)

Adam Ford

Board Member (Western Slope Elected County Member)

Frequently asked questions

Who runs investment decisions at the Colorado Retirement Association?

Executive Director Tim Mullen oversees the organization. Specific internal investment committee structures or external advisor relationships are not disclosed. The Board includes elected county officials like Tobe Allumbaugh and Adam Ford, indicating oversight but not necessarily direct portfolio management.

What is the CRA Book Value Fund?

It is the proprietary investment vehicle through which the Association pools participant assets. The term 'book value' suggests a conservative, principal-protection focus, but holdings and asset allocation are not publicly reported. The fund's structure implies participants own a claim on a pooled account rather than directing their own investment line-ups.

How is the Colorado Retirement Association different from Colorado PERA?

PERA is the state-level pension plan for Colorado state employees, teachers, and other public workers, established by state statute. The Colorado Retirement Association is a separate non-profit created to serve local governments — counties, municipalities, and special districts — that opt into its plans. This yields a smaller, localized participant base versus PERA's statewide mandate.

Does the Colorado Retirement Association invest in private equity or venture capital?

There is no publicly available evidence of direct private equity, venture capital, or hedge fund allocations. The Association's known investment structure centers on a single Book Value Fund, which is typically associated with fixed-income and cash-equivalent strategies rather than alternative investments.

Who are the strategic partners of the Association?

Colorado Counties, Inc. (CCI) and the Colorado Municipal League (CML) are listed as strategic partners. These organizations represent county and municipal governments across the state, and the partnership likely facilitates plan adoption by their member entities.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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