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PERA board change passes Second reading in House

Tempers ran high on the floor of the Colorado House today as members discussed reducing the number of PERA board members selected by employees and replacing them with governor appointees.

Public retirement board votes to oppose Rep. Jim Kerr’s bill

PERA board members voted unanimously last week to oppose legislation that would radically restructure the board. PERA’s executive director, Meredith Williams, said that contrary to some accusations, PERA is one of the leanest run, most efficient programs in the world and that changing the board would have no effect on legislatively mandated benefits.