Tag: Pera
Joint Budget Committee compromises, introduces budget
The Joint Budget Committee comes to terms on budget and averts a stand-off. Bill restores some education funding and scales back some PERA contributions.
With deep cuts looming some Colorado school districts look to Walmart...
The surplus of $172.6 million transferred to the education fund in the governor's 2010-2011 FY budget isn't expected to do much to save school districts from having to make deep cuts that would see teachers and staff lose jobs.
Union group likens Republican amendment to Wisconsin tactics
Republican chair of the House Finance Committee Brian DelGrosso, Loveland, Wednesday moved to advance Democratic Gov. John Hickenlooper's budget agenda by pushing an amendment that would have nearly doubled the extra amount government employees are paying into their state pension in order to help shore up the state budget.
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.
Hickenlooper says state employees will continue to work hard despite pay...
As part of the Gov. John Hickenlooper’s budget balancing plan, he is calling on government employees to reach into their wallets and put an additional 4.5 percent of their monthly salary into the state pension plan, money that the state normally contributes as part of the contract. Both Sen. Pat Steadman, D-Denver, and Colorado WINS have come out questioning the decision.
Hickenlooper slashes K-12; Dems say it’s time to consider tax increases
Stating that Colorado needs to be more pro-business, Gov. John Hickenlooper cut deep into K-12, further sacrificed state employee earnings, and shut down some state parks and services in the budget proposal he delivered Tuesday.
Steadman pushes one PERA bill, and pans another
Sen. Pat Steadman, D-Denver, has introduced legislation that would cause PERA members to continue making the higher payments they began making because of legislation last year. He referred to his bill as "a necessary evil", but pointed to a bill carried by Republican senators as further compounding the problem.
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.
Jim Kerr’s PERA bill would chop PERA members from board
A bill to radically change the composition of the PERA board has been introduced by Rep. Jim Kerr, R-Littleton. His bill would reduce the number of members elected by PERA participants and replace them with political appointees.
Divesting in Iran Could Prove a Problem for Public Pensions
First Sudan and now Iran.
The road to stripping public pensions of immoral investments will require significant detours. Colorado has mapped out two. On Tuesday,...