Content Tagged As pera

3 years 7 months ago

Memorial Hospital's future is on hold

The future of Memorial Health System in Colorado Springs is on hold after a Mayoral Task Force recommended the delay to city councilmembers Monday afternoon. Memorial Health System Board of Trustees Vice-President John Moore says two reasons go into asking for the delay. 1. Moore says recent survey...

3 years 10 months ago

Hickenlooper: tap PERA for business loans

Democratic gubernatorial candidate John Hickenlooper says the state could tap part of the $33 billion state retirement fund for loans to small businesses. Hickenlooper told workers at a prescription data center on Tuesday the state should use its assets for loans. He says the state could raise $100...

4 years 1 week ago

Auditors say Colorado pension plan recovering

Colorado's state pension fund is back on track toward solvency after state lawmakers became the first in the nation to cut retiree benefits to prevent its pension system from going broke. Thomas Cavanaugh, an actuary for Cavanaugh Macdonald Consulting, told lawmakers Monday that they would have to spend 40...

4 years 2 weeks ago

PERA solvency review due today

Colorado lawmakers are getting an update on the health of the state employee retirement plan. The legislature cut benefits this year to keep the plan from going broke. Under the new law retirees got no cost of living increase this year instead of the normal 3.5 percent increase. ...

4 years 7 months ago

Bill changing state pensions up for vote

A plan to keep the state's pension system from going bankrupt is set to get its first hearing at the Capitol. Senate President Brandon Shaffer and Senate Minority Leader Josh Penry are backing the bill and expect it to pass its first vote in the Senate Finance Committee on Tuesday....

4 years 7 months ago

Deal reached to fix PERA

Leaders of the Colorado Senate have reached a tentative deal on a plan to fix the state pension fund. Senate President Brandon Shaffer and Senate Minority Leader Josh Penry told The Associated Press on Tuesday that the proposed deal offers security for state workers after their pension plan was rocked...

4 years 10 months ago

Colorado state pension board to review changes

The board that oversees Colorado state pensions is meeting today to discuss changes so it can continue to pay benefits. An actuarial consulting firm told lawmakers that the Public Employees' Retirement Association had reduced its projected liabilities by about $300 million by the end of last year. PERA says assets...

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