The Legislative Audit Committee received an update from Cavanaugh Macdonald on the funded status of PERA and an update to the Signal Light Study originally authorized under Senate Bill 14-214.
The Colorado Legislative Audit Committee released the 5th consecutive clean audit on PERA. The Auditors did not find and material weaknesses or significant deficiencies in PERA’s reporting or controls.
The PERA Board of Trustees released the Comprehensive Annual Financial Report or CAFR for short. This annual report let’s us know how all of the divisions of PERA did over the last year.
As part of the changes implemented in SB 1, PERA is required to report to the General Assembly every five years
This week we got some good news. PERA is more efficient and costs less than other retirement plans! The Colorado State Auditor’s Office released an independent report that examined Colorado PERA’s retirement plan design and compared it to alternative public and private sector retirement savings options. The Auditor’s office teamed up with Gabriel, Roeder, Smith […]
On June 23 PERA released their Comprehensive Annual Financial Report, also known as the CAFR. The defined benefit plan has the most money it has ever had at $44.2 billion. In 2014, PERA distributed $3.9 billion to former public employees. Of that $3.9 billon, $3.5 billion went to Colorado retirees who spend those dollars here […]