Content Tagged As pension

1 year 4 months ago

Accused officer will keep pension

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,...

3 years 2 months ago

State pension projections too optimistic

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...

3 years 10 months ago

Colorado makes really bad Top 10 list

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...

4 years 6 months ago

Workers file suit challenging pension legislation

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...

4 years 7 months ago

Senate backs pension overhaul

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...

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