COLORADO SPRINGS - A Colorado Springs police sergeant charged with filling out phony time sheets will get to keep his pension. The district attorney filed charges of theft and forgery against Sergeant James Butierres yesterday.
Just before making a court appearance, Butierres filed his retirement paperwork.
Dan Slack,... more »
DENVER (AP) - Some economists say Colorado's pension plan used unrealistically high investment returns when it projected it would be fully funded in 30 years.
The Denver Post reported Sunday the Public Employees Retirement Association assumes an 8 percent investment return. The newspaper quoted economists and financial advisers as... more »
I popped open Yahoo first thing Tuesday morning to check my email and was greeted with a photo of Colorado's beautiful capitol building, positioned at number one in its news wheel. Beneath it was the headline: 11 State Pension Funds that May Run Out of Money.
Bad day for... more »
Colorado government workers have filed a class-action lawsuit challenging a bill signed this week that cuts their retirement benefits because of the tough economy. The workers say the legislation Gov. Bill Ritter signed is unconstitutional because it reduces benefits that were promised to them. Attorneys say the lawsuit covers about... more »
Colorado Gov. Bill Ritter has signed a bill that cuts state employee retiree benefits to prevent the pension system from going broke.
Ritter said the bill he signed Tuesday represents a difficult but necessary decision that will require shared sacrifice and shared solutions from public employers and employees without... more »
Colorado is moving to become the first state to cut retiree benefits to prevent its pension system from going broke. The state Senate voted 25-10 on Monday to back a proposal to overhaul the Public Employees Retirement Association. It now moves to the House. Backers say the bill is needed... more »
The Senate gave initial approval Friday to overhauling the state pension system, including cutting retiree benefits. Backers say the measure (Senate Bill 1) will prevent the system from going broke in 20 years. Retirees would get no cost of living increase this year and a 2 percent increase next year.... more »