public employees’ retirement association
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PERA to Pinnacol: $302 million, please
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The Public Employees’ Retirement Association has come up with a number for Pinnacol Assurance, the state’s largest workers’ compensation insurer of last resort, to buy out its employees and retirees’ share of PERA’s pension. Pinnacol, with the support of Gov. Jared Polis, is hoping to privatize, a deal that would bring $400 million into state…
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Colorado lawmakers vote to give themselves a pay raise beginning in 2025
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Colorado House Democrats on Thursday voted to boost the pay of General Assembly lawmakers beginning in the 2025-26 fiscal year, with those living in the Denver metro area getting substantially more in actual dollars and rate increase than policymakers who reside outside. The cost to taxpayers for the higher per diems is just shy of…
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HUDSON | With their salaries stalled, Colorado state employees jump ship
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Now that the governor and legislature have guaranteed regular checks will be forwarded to stave off any imminent collapse of Colorado’s Public Employees Retirement Association (PERA), perhaps it is time to examine another unfunded liability that lurks in the state budget. As ominous as the term sounds, an unfunded liability is merely a debt –…
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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,…
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INSIGHTS: As the legislature gets generous, teachers chant, ‘We want more’
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When the purse is open, that’s the time to ask, or demand, a larger share. And that’s what public school teachers have been doing for weeks – well, years – at the Colorado Capitol. But the protests have come at a curious time. The legislature’s past two sessions have been very good for K-12 education…
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Business groups urge legislative fix to Colorado public pension
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A group of well-known Colorado business associations has a message for state lawmakers. Essentially, it’s to stop screwing around and work on the underfunded public employees’ pension plan, because for the state’s economy is on the line. Colorado Politics obtain the open letter signed by the Common Sense Policy Roudtable, Colorado Concern, Colorado Association of…
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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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Colo. teachers have a lot to sweat out in 2018 legislature’s final days
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Colorado teachers have a lot riding on the final two weeks of this year’s legislative session, both in policy and politics, from their weekly paycheck to their future pension. The House of Representatives this week is expected to debate and vote on a fix to the Colorado Public Employees’ Retirement Association, a plan to shore…
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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…
