By Brian Eason | The Colorado Sun
The Colorado state pension board would be subject to term limits and new transparency requirements under a measure introduced in the state legislature earlier this month.
The proposal, Senate Bill 147, comes in response to growing concerns from state pension members about how their retirement funds are being managed.
Years of benefit cuts and contribution hikes have helped improve the Colorado Public Employees’ Retirement Association’s shaky finances since a landmark reform package was adopted in 2018. But the changes have also left workers and public agencies paying more than ever for a pension that provides less and less to its retirees.