pension

By 5-2, state Supreme Court green-lights investors’ lawsuit against Denver energy company

Nov 21, 2022

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Michael Karlik

In a divided ruling on Monday, the Colorado Supreme Court permitted a pension plan for law enforcement to sue a Denver-based oil and gas company for allegedly misleading investors in violation of a Depression-era law designed to prevent fraud. The question for the state’s highest court was whether Jagged Peak Energy Inc. would be held…
State Supreme Court agrees to hear cases on right to counsel, company’s alleged misstatements

Dec 16, 2021

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Michael Karlik

The Colorado Supreme Court recently agreed to hear appeals in three cases that question the interpretation of federal protections for investors as well as the constitutional guarantee of legal representation for the criminally accused. While the court took a pass on a fourth case involving a business dispute in Arapahoe County, two members indicated they…
Fossil-fuel divestment only would make things worse for hard-pressed PERA

Aug 7, 2018

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Daniel Fischel

The debate over fossil fuel divestment is nothing new in Colorado. Across college campuses in the state, activists have pushed for schools to rid their endowments of fossil fuels holdings, calls which both the University of Colorado and the University of Denver have resisted due to the steep financial costs it would impose. Now we…
Colorado credit outlook improves after pension reform

Jun 8, 2018

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Associated Press

Colorado’s credit-worthiness has stabilized after state lawmakers passed a pension rescue package. S&P Global Ratings on Thursday improved the state’s credit outlook to “stable.” Last year, S&P had revised the outlook to negative and threatened to downgrade Colorado’s AA rating if the pension’s finances did not improve. Colorado lawmakers in May passed a bill to…
What you need to know about Colo.’s $32B pension overhaul

May 11, 2018

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Associated Press

Just before midnight Wednesday, Colorado lawmakers passed a rescue package for the state public pension program that will have major ramifications for public sector workers, retirees and taxpayers across the state for decades to come. The legislation aims to pay off the Public Employees’ Retirement Association’s $32 billion funding shortfall within 30 years, and calls…
Union fires back at Treasurer Walker Stapleton’s public pension plan

Dec 6, 2017

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Jessica Machetta

Secure PERA, a lobbying group for public employees and retirees, calls state Treasurer Walker Stapleton’s plan to reform the public pension system a disaster. In a conference call with reporters Wednesday, Stapleton appraised the state of the retirement plan, the handling of which he has long criticized. The two-term Republican treasurer is running for governor.…
Stapleton, Capitol Republicans pitch plan to rein in PERA’s exposure

Feb 2, 2017

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Peter Marcus

EDITOR’S NOTE: This story has been updated to reflect opposing opinions following a hearing on Senate Bill 113 on Thursday. Republicans say they have identified the first step in drawing down the state’s multibillion-dollar unfunded pension liability, though critics say limiting employer contributions would actually increase the liability. A measure in the legislature would cap employer…
Denver retirement plan contributions same, no COLA increase in 2017

Nov 21, 2016

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Mike McKibbin

The Denver Employees Retirement Plan will keep its current contribution level in 2017, and the same percentage-of-pay contribution rates that began in 2015 will stay in place, the plan’s executive director told a Denver City Council committee Tuesday, Nov. 15. Steve Hutt outlined a handful of minor changes to the plan – which he said covers…