Rocky Mountain Voice

Tag: Colorado PERA

PERA Bonus Payouts Draw New Scrutiny From Colorado Lawmakers
The Colorado Sun, Approved, State

PERA Bonus Payouts Draw New Scrutiny From Colorado Lawmakers

By Brian Eason | The Colorado Sun The proposal comes in response to a Colorado Sun investigation that found PERA has paid its investment staff millions of dollars in performance bonuses in recent years. Democratic lawmaker says he plans to introduce legislation next year to limit the bonuses that the Colorado Public Employees’ Retirement Association pays to its investment staff. The proposal comes in response to The Colorado Sun’s investigation last week that found PERA has paid its investment staff millions of dollars in performance bonuses in recent years — including $10.2 million in payouts following the stock market’s disastrous 2022. That year, the pension lost $9.8 billion on its portfolio, but PERA still beat many of the benchmarks used to measure it...
PERA Program Designed to Help Rural Schools Has Potential for Abuse
Colorado Accountability Project, Approved, Commentary, State

PERA Program Designed to Help Rural Schools Has Potential for Abuse

By Cory Gaines | Commentary, Colorado Accountability Project A reader messaged me recently about concerns they had in their own local district. The concern centers around who was getting hired (well, re-hired) at their local school district. For a number of reasons, it’s not feasible to go and check out the reader’s district, but I hung on to the story because it felt like a good learning opportunity to share something I learned about, and it might be a concern you share. As best as I can tell (there may have been laws that refined or changed the original program), a 2017 law which I link to first below created a program in PERA, the Public Employees Retirement Association, to help get teachers into rural schools. In order to understand how this works, I have to bac...

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