The PERAtour stops have completed. Visit www.PERAtour.org to learn more about what happened at the tour stops.
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.
See where PERA funding levels have been from 2008 up until today.