Colorado Politics

The Grand Junction Daily Sentinel: PERA package a step in the right direction

It’s back to the drawing board for the Public Employees’ Retirement Association as it looks to tweak a pension system for state workers that has a $32 billion unfunded liability.

It’s deja vu all over again. Anyone who’s followed this issue knows that the Legislature enacted reforms in 2010 that were supposed to get the pension plan fully funded within 30 years.

But that isn’t happening. Investments aren’t paying as handsomely as PERA officials anticipated and retirees are living longer, putting the pension fund decades behind the Legislature’s statutory standard of being fully funded within 30 years.

Read more at The Grand Junction Daily Sentinel.

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