public employees’ retirement association
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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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INSIGHTS: Payroll and PERA give Colorado’s state workers jitters over how and how much
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State employees have enough to worry about right now. It is inevitable they’ll be taking a hit in their paychecks or pensions as Colorado lawmakers try to fill a hole that’s at least $32 billion deep over the next three decades. And it’s not at all clear whether state workers will get a pay raise…
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Bill to fill PERA’s $32 billion shortfall rolls out to a tentative start
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The sponsors called the compromise to fix PERA a starting point, not a finish line, as a bill to do so was introduced Wednesday. Senate Republicans and House Democrats agree, however, that lawmakers must make sure the money the state pension brings in is enough to support its retirees. Current workers, retirees and taxpayers all…
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Republican Justin Everett tops straw poll at Colorado Christian University state treasurer forum
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Republican state Rep. Justin Everett handily won a straw poll conducted Monday night after a bipartisan forum for state treasurer candidates at Colorado Christian University in Lakewood. The three-term lawmaker from Littleton, nicknamed “Justin Neverett” and “Dr. No” for his penchant to vote against legislation, led the 10 candidates on the ballot with 34.9 percent…
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Services for Colorado PERA’s Smith to be held Wednesday
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A “Celebration of Life” service for Greg Smith, the executive director of the Colorado Public Employees Retirement Association, will be held Wednesday, Dec. 20 at 4 p.m. at the Glenmoor Country Club, 110 Glenmoor Drive, Englewood. Smith, 56, died of a heart attack on December 12 while on a family vacation in Hawaii. PERA offices…
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Baker named interim head of Colorado PERA
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Ron Baker, chief administrative officer of Colorado’s Public Employees Retirement Association, was named interim executive director of the state pension plan Friday. PERA trustees appointed Baker to take over PERA’s top spot following the death of Greg Smith, who passed away unexpectedly last week during a family vacation in Hawaii. Baker has been with PERA…
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Greg Smith, Colorado PERA’s executive director, dies unexpectedly in Hawaii
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Greg Smith, executive director of the Colorado Public Employees Retirement Association, died unexpectedly on a family vacation in Hawaii Tuesday. Smith, 56, joined PERA in 2002 as its general counsel. He was promoted to chief operating officer in 2009 and named PERA’s sixth executive director in 2012, succeeding Meredith Williams. Next month Smith was expected…
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Colorado’s public pension system is a disaster in the making
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Colorado’s public pension system, the Public Employees’ Retirement Association (PERA) is in serious trouble, and if it continues on this same track, just about everyone in the state will feel the pain. Of course, it’s not too late. Colorado could get this right. But only if it learns from the past and embraces a new way of giving public employees more control…
