PERA is a hybrid defined benefit plan. Colorado Public Employees’ Retirement Association (PERA) provides retirement and other benefits to the employees of more than 500 government agencies and public entities in the state of Colorado.
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PERA is funded by employee and employer contributions along with investment income.
What did the 2008 stock market crash mean for PERA? PERA ended up losing 25.9% of their fund in the 2008 stock market crash. Ultimately, this meant that PERA was going to run out of money in approximately 30 years and wouldn’t be able to pay out all the benefits owed to employees. This spurred […]