Colorado Politics

The Grand Junction Daily Sentinel editorial: PERA board runs into reality check

The state’s largest public employee pension system is considering changes – or at least acknowledging that changes may be necessary – to shore up its long-term solvency.

That’s a departure from the steady drumbeat of assurances from PERA officials that a comprehensive reform bill passed in 2010 had largely succeeded in putting the pension plan on track to be fully funded within 30 years – the industry standard.

Greg Smith, the executive director of the Colorado Public Employees Retirement Association, spoke to the Sentinel’s editorial board Tuesday, conceding that the PERA board “can’t continue to ignore” X factors in the equation that determines the pension’s actuarial soundness.

Read more at The Grand Junction Daily Sentinel.

Tags

PREV

PREVIOUS

The Pueblo Chieftain editorial: Don't text and drive

Texting while driving can become expensive very quickly now that Colorado has passed a new law increasing fines and license penalties for being caught in this particular type of distracted driving. The state is serious about not just texting, but all kinds of distracted driving. Distracted driving was a factor in 68 deaths and 15,574 […]

NEXT

NEXT UP

Steamboat Today editorial: Will more parks in Steamboat go to the dogs?

The Steamboat Springs Parks and Recreation Commission has endorsed a proposal to create three new off-leash dog areas in town, and we support that recommendation with one caveat. We think off-leash parks at Stehly Park in Old Town and Whistler Park on the south side of town make perfect sense, but it’s our recommendation that […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests