The PERA Board of Trustees endorsed a package of changes that would accomplish the Board’s goal of having PERA 100% funded in 30 years, see how these proposed changes could effect you.
PERA is hitting the road again. Find out when they will be in your area.
Collectively, these two decisions along with a few other smaller decisions made by the Board increased the unfunded liability by $21 billion and increased the time it would take PERA divisions to become fully funded by anywhere from 14 – 32 years depending on the division.
Senate Bill 1 (SB1) reforms had a significant impact on PERA’s sustainability; it went from projected to run out of money within 30-35 years to on track to reach 100% funded.
Walker Stapleton claims he attends 90% of PERA Board Meetings. We did some research – in his tenure as Treasurer, Walker has attended only 53% of the PERA Board Meetings, and even then often didn’t stay for the whole meeting.
Here are the basics of what you need to know about Windfall Elimination Program, thanks to our partners at the National Education Association.