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.
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.
PERA is funded by employee and employer contributions along with investment income.