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.
Author Archive | Kaitlyn Randol
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.
Here are the basics of what you need to know about Windfall Elimination Program, thanks to our partners at the National Education Association.
A recent report by the Thomas B. Fordham Institute looked at pension plans across the country and made some critical pronouncements. In the case of Colorado, however, they made a fatal flaw in one of their assumptions, negating the validity of their arguments regarding Colorado PERA.