Gov. Jared Polis said “it's a time for belt tightening” but offered a tiered approach to reduce impact on lower-wage workers
What PERA’s bad year means for public workers, retirees and taxpayers in Colorado, explained in chartsBrian Eason Politics and Government Primary category in which blog post is published
PERA lost $1.8 billion after brutal finish for 2018 stocks. Now public workers and taxpayers will pay more.
Colorado taxpayers and state employees will need to pay more as new guardrails designed to shore up the system are triggered
The House and Senate approved the measure after budget writers tapped two reserve funds to cover extra spending
The spending bills for fiscal year 2020 includes pay hikes for state employees, more money for education and dozens of other programs favored by Democrats.