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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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Senate Panel Blocks Bill Expanding Lawsuits Against Government Officials
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Colorado Politics, Approved, State

Senate Panel Blocks Bill Expanding Lawsuits Against Government Officials

By Marissa Ventrelli | Colorado Politics A panel of Colorado legislators on Tuesday rejected legislation that would have allowed residents to sue federal and local officials in state court for alleged constitutional violations. Senate Bill 176 would have allowed individuals who have been subjected to a “deprivation of any rights, privileges, or immunities” afforded in the U.S. Constitution to sue for civil damages within two years of the alleged violation. The bill — sponsored by Sens. Mike Weissman, D-Aurora, and Julie Gonzales, D-Denver — included exceptions for federal officials with absolute or qualified immunity. Both forms of immunity come with exceptions. The measure, dubbed the “No Kings Act” by supporters, piggybacked off another measure sponsored ...
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He reported election irregularities. Weeks later he was fired: Now a Colorado fire chief appeals in federal court
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Rocky Mountain Voice, State, Top Stories

He reported election irregularities. Weeks later he was fired: Now a Colorado fire chief appeals in federal court

By Jen Schumann | Rocky Mountain Voice Erik Holt says he didn’t expect reviewing surveillance footage from a polling location inside the Florissant fire station would cost him his career. Holt says the fallout came quickly. Within weeks of providing investigators the footage he believed showed election rule violations, he was out of a job. The dispute that began inside the Florissant fire station is now before the federal appeals court. Judges will review whether reporting suspected wrongdoing can cost a public employee his job. Holt is no longer fighting the appeal alone. Mountain States Legal Foundation has joined the case and is now representing him. “Public employees do not surrender their First Amendment rights when they take a government job,” said Grad...
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Denver Budget Cuts Cost City Over 1,100 Years of Experience
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The Denver Gazette, Approved, Local

Denver Budget Cuts Cost City Over 1,100 Years of Experience

By Deborah Grigsby | The Denver Gazette Last summer, the city of Denver lost nearly 160 employees as part of structured layoffs to help Denver Mayor Mike Johnston close a $250 million budget gap. But the city lost much more than just its employees. It lost more than 1,158 years of combined experience, according to analysis and reporting from Axios. Along with the loss of 265 years of experience among 30 employees, the city’s transportation department took the biggest hit, followed by planning and development, which lost 128 years of experience. READ THE FULL ARTICLE AT THE DENVER GAZETTE
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PERA seeks legislation to push the next auto-adjust to 2044
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The Colorado Sun, Approved, State

PERA seeks legislation to push the next auto-adjust to 2044

By Brian Eason | The Colorado Sun State pension officials plan to ask lawmakers to relax some provisions of Senate Bill 200 in order to provide financial relief to PERA’s members. For the first time since the state pension’s finances cratered in the early 2000s, the Colorado Public Employees’ Retirement Association is putting together a legislative proposal to bring some relief to its beleaguered members. At the pension board’s annual retreat in Colorado Springs earlier this month, pension officials offered a number of ideas to prevent — or at least delay — another round of automatic adjustments to the system’s finances. If the legislature agrees, the changes could spare retirees from additional cuts to their monthly pension checks, and stave off even higher payroll d...
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Denver workers brace for major layoffs amid $250M budget deficit
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DENVER7, Local

Denver workers brace for major layoffs amid $250M budget deficit

By Brandon Richard | Denver7 DENVER — Denver city leaders are preparing to make "substantial" layoffs in order to deal with a massive budget deficit. In May, Denver Mayor Mike Johnston announced the city was projecting a $50 million budget deficit this year and a $200 million budget deficit next year. Johnston said his administration must consider layoffs to help the city balance next year’s budget. “We will have to look at layoffs,” Johnston said. “We do not envision a scenario where it's possible to right-size this budget without that impact on personnel.” On Wednesday, city leaders were more definitive about layoffs. “They are absolutely happening and they're going to be substantial,” said Karla Pierce, a city employment attorney. The city has not officially ...
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