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Simon LomaxSimon LomaxMay 14, 201811min1300

What is the purpose of state government: To provide basic services to the public, or ever-increasing amounts of money to pension funds? That’s the question Colorado taxpayers will be asking today, tomorrow and long into the future after the passage of SB-200, a reform-and-bailout bill for the state’s public pension system. Passed just minutes before the end of this year’s legislative session, the bill aims to fix a $32 billion unfunded liability at the Public Employees’ Retirement Association (PERA), the state’s pension fund manager.