A new report was released in June by Colorado PERA, “Colorado PERA Economic and Fiscal Impacts”. The report, which was prepared by the economic and business analysis firm Pacey Economics, shows that distributions from Colorado PERA translate to $5.2 billion in economic output. This helps support more than 29,000 Colorado jobs annually.
This terminology is critical to understand. If you really stop to think about the terms, they reveal exactly what they mean. Retirement plans may be classified as defined benefit or defined contribution according to how the value of the investments or the future benefits is determined. Defined Benefit-This is what PERA and most statewide public […]
PERA provides a retirement plan to most public employees in the state of Colorado, they are not eligible for Social Security. Learn more
81% comes from employee contributions and PERA’s investment income. Only 19% is paid for by the employers and often, the employer contribution comes out of the same pot of money which would have funded employee raises. Learn more