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Tag: Public Employees Retirement Association

Colorado’s July Laws Reshape Firearm Sales and Wildfire Insurance Rules
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kdvr.com, Approved, State

Colorado’s July Laws Reshape Firearm Sales and Wildfire Insurance Rules

By Maddie Rhodes | KDVR DENVER (KDVR) — Several Colorado laws are set to go into effect starting in July. While Colorado laws get passed all the time, the effective date is sometimes delayed to make sure people have time to comply with the law before there are penalties. Usually, several laws go into effect in January at the start of the year and in July, just past the halfway point of the year. In January, laws surrounding gun show requirements and deceptive pricing practices went into effect. Now, laws including the sale of firearm ammunition and property insurance policies are going into effect on July 1. Colorado laws going into effect Here are some of the laws going into effect: New requirements for sale of firearm ammunition House...
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PERA Bonus Payouts Draw New Scrutiny From Colorado Lawmakers
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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...
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PERA Payments on the Chopping Block as Polis Seeks Short-Term Budget Relief
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The Colorado Sun, Approved, State

PERA Payments on the Chopping Block as Polis Seeks Short-Term Budget Relief

By: Brian Eason | The Colorado Sun The move would save the state money in the short term to address Colorado’s budget crisis, but it could cost the pension as much as $180 million in the long run. Colorado Gov. Jared Polis has proposed cutting the state’s contributions to the public pension by as much as $38 million next year to help cover the cost of employee raises owed under the state’s collective bargaining agreement. The move would buy the state government some financial breathing room for next year, when it faces an $850 million deficit. But it would also come at a steep long-term cost that could come back to bite public workers and taxpayers alike. The legislature’s Joint Budget Committee will consider the proposal between now and March, when it’s scheduled to ado...
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