Content Tagged As public_employees_retirement_association
Tagged News
-
Hickenlooper: tap PERA for business loans
October 13, 2010 8:46 AM
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... more » -
Auditors say Colorado pension plan recovering
August 17, 2010 8:35 AM
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... more » -
PERA solvency review due today
August 16, 2010 9:13 AM
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. ... more » -
Bill changing state pension system up for a vote
January 26, 2010 10:18 AM
A plan to change the state's pension system is set to get its first hearing at the Capitol. The bill has the backing of Senate leadership and is expected to pass a vote in the Senate Finance Committee Tuesday. One of the proposed changes would likely wipe out... more » -
Bill changing state pensions up for vote
January 25, 2010 6:00 PM
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.... more » -
Overhaul proposed to state pension plan
October 20, 2009 7:48 PM
The state employee pension fund for has lost billions of dollars in bad investments during the economic downturn and in order to make it more stable in the future, the board of trustees is now asking workers to pay in more and push back their retirements. Nearly half a... more »
As Seen On News 5
