By Brian Eason | The Colorado Sun
Six years and billions of dollars into Colorado’s 30-year pension rescue plan, the Public Employees’ Retirement Association has less than a 50-50 chance of reaching its goal of full funding by 2048.
PERA officials on Monday are expected to report back to the legislature’s Pension Review Subcommittee on what it would take to increase those odds to 67%.
The answer: $13 billion in up-front cash, or a wide-ranging package of “draconian” cuts, according to PERA’s actuaries.