colorado public employees’ retirement association
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Gov. Jared Polis’ plan to privatize Pinnacol Assurance comes with legal questions
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Gov. Jared Polis recently announced that, as part of his proposed 2026-27 budget, he would allow Pinnacol Assurance, Colorado’s quasi-public workers’ compensation insurance division, to go private. However, questions on whether it’s possible or legal remain. The Polis administration previously claimed that Pinnacol is a state asset that can be “spun off.” Pinnacol, a domestic…
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NOONAN | Record of outgoing legislative leadership: incremental change
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The opening of the 2011 General Assembly marked the first year of Gov. John Hickenlooper’s administration. It was the year that Kevin Grantham, Senate president, and Crisanta Duran, House speaker, started their eight years in the Senate and House. Other prominent leaders in that elected class include Sen. Lucia Guzman, Senate minority leader; Rep. Millie…
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Gavel falls on Colo. legislature’s brawls and breakthroughs
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Denver Zoo brought birds and reptiles to show off at the Colorado Capitol Wednesday – fitting for the last day of a four-month legislative session that was at times a wild kingdom of laws, policies and politics, and at others a close encounter with the #MeToo era. Lawmakers finally wrapped up their work in the…
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Colo. lawmakers find common ground on filling state pension’s $32 billion hole
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Colorado lawmakers cured – they hope – the state employees’ ailing pension plan in the waning minutes of the 120-day Colorado legislative session Wednesday night, a remedy that could help keep Colorado’s credit rating from taking a hit. House and Senate negotiators reached a deal that was approved by both chambers. That should be a relief…
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Colorado House begins debate on fix to public employees’ pension
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With two weeks left in the session, the Colorado House finally brought one of the most significant pieces of legislation this year to floor Wednesday: safeguarding public employees’ pension plan and, ultimately, the credit rating for local and state government. After an hour, the bill was postponed until Monday. Tick tock. Tick tock. The clock…
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PERA reform? House version is a disaster waiting to happen
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On April 16, the Colorado House Finance Committee considered Senate Bill18-200, the bipartisan effort to reform and rescue the state’s deeply troubled public pension system (PERA). Unfortunately, what came in to committee as a bill to modestly move the ball forward on reform and shore up the plan’s finances left committee as a plan to…
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THE PODIUM | Fix PERA now — before its problems gets worse
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By the end of 2017, Coloradans learned that PERA, the state’s public employee retirement plan, had unfunded pension liabilities of approximately $50 billion. Senate Bill 18-200 is a bipartisan response to PERA’s approaching financial crisis which has passed the Senate and now awaits consideration in the House of Representatives. PERA’s long-term pension obligations are not…
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Our state must get back on track — in pursuit of ‘the Colorado way’
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I have a vision for Colorado – I want all Coloradans to be able to securely enjoy the blessings of freedom principles – principles rooted in the American Idea. The American Idea evolved over millennia through people who had a quest for freedom. The highlights include the Magna Carta in the early 13th century, which…
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FEEDBACK | An alphabet soup of opinion — on PERA, the BLM and the NRA
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A PERA bankruptcy will leave Colorado taxpayers holding the bag Just a few years in the past PERA was flush with cash and more than solvent. So why is it that, due to some incredible fiscal stupidity, the rest of us must now be saddled with an insolvent and potentially catastrophic financial disaster? This is…
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Colorado public pension fix (finally) passes Senate
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DENVER – Easily the most heavily debated bill in the Colorado Senate this session is finally headed to the House, after the upper chamber passed the bill Tuesday morning. The measure passed 19-16, with Sen. Cheri Jahn, an independent from Wheat Ridge, joined Republicans for a 19-16 result. So far, Senate Bill 200 has not…
