Content Tagged As public_employees_retirement_association

4 years 2 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 4 months 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 4 months 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 10 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....

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