State employees have enough to worry about right now. It is inevitable they'll be taking a hit in their paychecks or pensions as Colorado lawmakers try to fill a hole that's at least $32 billion deep over the next three decades.
The sponsors called the compromise to fix PERA a starting point, not a finish line, as a bill to do so was introduced Wednesday. Senate Republicans and House Democrats agree, however, that lawmakers must make sure the money the state pension brings in is enough to support its retirees.
Republican state Rep. Justin Everett handily won a straw poll conducted Monday night after a bipartisan forum for state treasurer candidates at Colorado Christian University in Lakewood. The three-term lawmaker from Littleton, nicknamed "Justin Neverett" and "Dr. No" for his penchant to vote against legislation, led the 10 candidates on the ballot with 34.9 percent of the vote.
A "Celebration of Life" service for Greg Smith, the executive director of the Colorado Public Employees Retirement Association, will be held Wednesday, Dec. 20 at 4 p.m. at the Glenmoor Country Club, 110 Glenmoor Drive, Englewood.
Colorado’s public pension system, the Public Employees’ Retirement Association (PERA) is in serious trouble, and if it continues on this same track, just about everyone in the state will feel the pain.