NEA Today June 24, 2011 Some states are pushing to replace educator representatives on pension trustee boards with political appointees. They claim it’s to restore health to the funds, but research shows that boards with strong member representation deliver better pension fund earnings.
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The Pew Center Gets It Wrong For Colorado
On April 26th The Pew Center on the States released a report entitled “The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs”. In this report the Pew Center equates pension funds in 2009 with a growing crisis but they left out that Colorado joined together for a bi-partisan solution in 2010.
Public pensions, once off limits, face the axe
April 27,2011 New York Times Conventional wisdom and the laws and constitutions of many states have long held that the pensions being earned by current government workers are untouchable. But as the fiscal crisis has lingered, officials in strapped states from California to Illinois have begun to take a second look, to see whether there [...]
Pension Cuts Face Test in Colorado, Minnesota
January 05, 2011, Wall Street Journal, Jeannette Neumann
A showdown is looming over whether commitments made to retirees by government pension funds can be scaled back in dire economic times.
Battle Looms Over Huge Costs of Public Pensions
Sharing the burden seems to be the obvious solution so we don’t continue to kick the problem into the future. “We have to take this on, if there is any way of bringing fiscal sanity to our children,” said former Gov. Richard Lamm of Colorado, a Democrat.
Retirement Security
Michelle is the 2010 teacher of the year. Teachers are members of PERA.
Current economic conditions have 8 out of 10 people concerned about their retirement. Learn more about why retirement security is so important here.