Risky Retirement: New report on Colorado’s public pension system

Colorado’s rising public pension costs are threatening workers’ retirement security and funding for essential public services.

  • The Colorado Public Employees’ Retirement Association (PERA) is only 61 percent funded.

  • The state owes public workers at least $25.8 billion in retirement benefits they have already earned.

  • The state’s current funding plan will cause PERA to remain in a precarious financial position for decades.

Risky Retirement: Colorado’s Uncertain Future and Opportunities for Reform, a report released today from the Laura and John Arnold Foundation, shows that PERA’s growing problems are mostly the result of irresponsible decisions by the state and outlines a series of reforms that would help improve PERA”s financial stability.

Read the full Risky Retirement report.

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