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 in Colorado helping to keep Colorado’s economy strong.
PERA earned a 5.7% rate of return so retirees will be receiving a COLA (cost of living adjustment) this year. Making PERA’s 30-year rate of return 9.4% – you may remember PERA lowered its 30 year expected rate of return to 7.5% over a year ago, and they continue to remain above that!
Below is the infographic that PERA released in light of the CAFR release and the Pacey study of how PERA contributes more than $5 billion into Colorado’s economy, helping to sustain over 29 thousand jobs.
Please copy the infographic below highlighting how Secure PERA is as an economic generator for Colorado and share it with your network.