pera
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Colo. House Democrats finally pass pension bill; now they negotiate
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The Colorado House passed a solution to the $32 billion hole in the state public employees’ pension Tuesday morning, sending one of the session’s biggest bills to negotiators with a little more than a week left in the session. The bill passed on a party-line vote. Senate Bill 200 was amended by Democrats in the…
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Colorado House gives preliminary OK to a pension fix
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On the night of the 111th day of the 120-day legislative session, the Colorado House finally voted on what was hailed as one of the most important bills before the General Assembly this year, a fix to the underfunded state pension plan that has the potential to collapse the state’s credit rating. Senate Bill 200 was…
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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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Two weeks, 315 bills left in 2018 legislative session
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Well, at least the count went down a little. With 14 days left in the 2018 General Assembly session, the count for bills that are still pending some form of action has gone down, but not by much. There are now 174 bills in the House awaiting decisions ranging from committee hearing to governor’s decision…
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SPONSORED: CSPR study underscores the need for PERA reform
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Rarely does any issue in the Colorado Legislature garner unanimous agreement. This year, the stakes are too high to ignore and on the issue of Public Employees Retirement Association (PERA) reform. Every lawmaker, policy expert, the Governor, and interest group agree, PERA, the Public Employee Retirement Association, must be reformed. Since the mid-2000s, the amount of…
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General Assembly adding bills more than subtracting in waning weeks
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Wednesday marks the start of the last three weeks of Colorado’s 2018 General Assembly session. As of a week ago, the General Assembly still had 295 bills – out of a total of 615 – awaiting final action. You’d think a week later that number would be lower. You’d be wrong. As of Wednesday morning, the…
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House committee amends pension bill to address $32B shortfall
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Democrats made big changes to a bill to fill a $32 billion hole in the state’s pension plan for public employees Monday in a partisan fight that’s likely to play out more before the session adjourns in three weeks. Senate Bill 200 passed the House Finance Committee 10-3 Monday evening after more than four hours…
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Colorado teachers rally for more money for schools, less for corporations
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Hundreds of Colorado teachers left their classrooms and descended on the state Capitol Monday morning to demand lawmakers protect public pensions and put millions of dollars more into K-12 education each year. “You left me no choice, I have to use my teacher voice,” the chanted as they made a loop around the statehouse before…
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This Week at the Capitol, Week of April 16-20
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Here are the legislative committee hearings of note for the week ahead at the Colorado Capitol. Committee schedules are subject to change. The daily schedule is available on the legislature’s website. Click here and scroll down to committee hearings to listen online. MONDAY House Education Committee, 1:30 p.m. Room 112 House Bill 1379, School Finance Act.House Bill…
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Colo. isn’t only state with big public-pension funding gaps
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A public employee pension crisis for Colorado and other state’s governments has deepened to a record level even after nearly nine years of economic recovery for the nation, according to a study released Thursday, leaving many states vulnerable if the economy hits a downturn. The massive unfunded pension liabilities are becoming a real problem not…