pera
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Colorado is ‘well positioned’ for a US debt default, says state Treasurer Dave Young
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With eight days to go until the United States is unable to pay its bills, the White House and Congress are still nowhere near an agreement on raising the national debt ceiling. The U.S. reached its $31.4 trillion debt ceiling – the limit on how much the government can borrow – in January. Treasury Secretary…
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Public employees cannot jettison ex-spouses from retirement benefits, state Supreme Court says
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Retired public employees cannot unilaterally change their retirement plan to stop their ex-spouses from receiving benefits, the Colorado Supreme Court decided last week. Robert J. Mack of Colorado Springs, who retired from government work in 2012 and designated his then-wife as the beneficiary of his retirement benefits, argued to the Supreme Court that the trial…
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COVER STORY | Hot Topics of the 2022 General Assembly
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With 2022 an election year, lawmakers traditionally back off a bit from introducing controversial bills. That’s why they have approved some of the biggest measures of the past six years – oil and gas reform, Colorado option, climate change and greenhouse gas – in odd-numbered years when they worry less about voter reactions at the ballot box. Will…
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Ron Baker removes interim tag from his PERA leadership
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Ron Baker is set to become the next executive director of the Public Employees’ Retirement Association of Colorado, the state employees’ pension plan said Monday. He has been the interim leader since December after Greg Smith died while on a family vacation in Hawaii. Smith, 56, had led PERA since 2012. The retirement system has…
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Fossil-fuel divestment only would make things worse for hard-pressed PERA
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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…
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NOONAN | Does Colorado tilt toward grass roots or establishment? Primaries will tell
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The state attorney general and state treasurer primary races will reveal the most about the left and right forces on Democrats and Republicans. These primary races, even with independents voting, will give the sharpest snapshots of how progressive/moderate Democrat or establishment Republican/Trump Republican the parties are. State Democratic Rep. Joe Salazar, running for attorney general,…
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Colo. state treasurer candidate seeks records on PERA contracts
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Bernard Douthit, a Democratic candidate for Colorado state treasurer, filed two open-records requests Thursday to get a look at more than 200 contracts between the state pension plan and fund management firms that he claims are paid about $130 million per year. Douthit’s request seeks access to the contracts, whether they can be terminated and…
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Colorado credit outlook improves after pension reform
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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…
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Hickenlooper signs pension-reform bill; vetoes 2 measures
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Gov. John Hickenlooper signed several pieces of legislation Monday but also added to his veto tally. The governor signed into law a bill that lawmakers and pensioners hope will start the state on a path to shoring up a $32 billion shortfall in the Colorado Public Employees Retirement Association (PERA) pension plan for state workers…
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2018 Colo. legislature: What’s next on the issues that drove the session?
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The biggest issues of the 120-day Colorado legislative session are far from done just because they’ve been voted on. Transportation is still a snowball rolling downhill toward November, and the dollars that will eventually be steered into roads, bridges and transit are hardly settled. Lawmakers created a $32 billion solution to the state’s public-pension plan,…
