PERA fix plows ahead to shore up Colorado public pension plan
Author: Joey Bunch - March 13, 2018 - Updated: March 14, 2018
A Colorado Senate committee listened to four and a half hours of testimony on how to fix the state's shaky pension plan Tuesday, but it didn't take a vote. Instead, the Finance Committee will reconvene Wednesday to throw amendment at Senate Bill 200.
At stake is a plan to fill in a projected pension shortfall of $32 billion to more than $50 billion over the next three decades as state, local and school district employees retire. The Finance Committee was the first to get a whack at the bill that is likely to be rewritten at every step of legislative process, but needs to get to the governor's desk before the General Assembly adjourns on May 9.