By Brian Eason | The Colorado Sun
State pension members in Colorado are likely to face another round of benefit cuts and contribution hikes within the next two years, board members learned last week, after a study found that the public retirement system has been underestimating some of its future debts.
The Colorado Public Employees’ Retirement Association holds a review every four years to ensure it is accurately estimating a range of assumptions about its investments, the public workforce and the lifespans of its retirees. Think of it like a financial checkup to make sure that the assumptions underpinning the future payments it owes to retirees are unfolding as expected.