Something’s missing from the Colorado state budget proposal — and it’s a biggie. The Joint Budget Committee last week finalized its budget package without deciding what to do about Proposition 130: the voter-approved requirement that the state spend $350 million to support law enforcement.
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.
More Colorado PERA benefit cuts “likely” in next two years Read More »
Months before five Colorado school districts took the drastic step of suing the state pension plan, their elected representative tried to bring their concerns to the Public Employees’ Retirement Association Board of Trustees.
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.
What exactly is PERA? Are state and public employees getting the short end of the stick? Is PERA financially sound? And how is Colorado managing these challenges?
PODCAST: Looking at PERA, the pension plan that supports 140,000 Coloradans Read More »
Colorado’s public employee pension system generated strong investment returns in 2023 — but its finances still deteriorated for the second time in five years as it struggles to bounce back from a miserable 2022.
PERA’s investments bounce back in 2023, but the Colorado pension plan nets step backward Read More »
