Search Results for: coloradopols.com

(Interestingly, the Montana Court Wrongly Believes that the Colorado PERA Statutory “Annual Benefit Increase” is Tied to the “Cost of Living,” When, in Fact, it is Identical to the Montana Pension Benefit.) This recent Montana District court decision draws a bright line under our historic and brazen Colorado pension theft, a theft that makes Bernie […]

Association of State Retirement Administrators: Colorado PERA Pension Has 5th Worse Funding Discipline in the Nation. The Executive Director of Colorado’s largest public pension plan (Greg Smith of Colorado PERA) knows quite well that the pension plan he leads has a lower level of funding (funded in the low 60 percent range) than is needed […]

From Plan Sponsor: "Hospital Employees Sue Colorado Springs for Colorado PERA Pension." "A lawsuit claims the City of Colorado Springs’ termination of Memorial Health System’s affiliation with the state pension system violated state law." "Employees of Memorial Health System, owned by the City of Colorado Springs, Colorado, have sued the city, claiming they were unlawfully […]

Coverage of today's New Jersey Superior Court Decision: "(New Jersey Governor) Christie has said the pension cuts (failure to pay public pension 'actuarially required contributions, ARC') were necessary to balance the state’s budget and that 'there are no alternatives' to such reductions. At the same time, he has backed record amounts of new corporate tax […]

Yes dear reader, in 2010, a juggernaut of 27 Colorado statehouse lobbyists "sensitively" forced the PERA reform bill (SB10-001) through the legislative process. The propaganda produced by our Colorado state pension administrative agency, Colorado PERA, simply boggles the mind. It is boundless . . . and unconstrained by normal human decency. Allow me to translate […]

Former Colorado Union (AFSCME) Officials Weigh In, and Comment on the Legacy of Colorado State Senator Pat Steadman. I provide below, for the record, a few examples of the historical state deception of Colorado teachers and other Colorado public sector employees. It's important that Colorado teachers, and Colorado state and local government workers, be fully […]

Today's Denver Post reports that Colorado State Senator Pat Steadman, a sponsor of the bill that took Colorado PERA pensioners' contractual rights (SB10-001) has stated that he seeks "Justice FOR ALL." But, does State Senator Pat Steadman actually desire "Justice FOR ALL"? Apparently, Senator Steadman is not interested in seeking justice for the elderly Colorado PERA […]

Colorado PERA Fiduciaries: Severely Underfunded, But See No Problem. "We Don't Need Additional Contributions," Colorado PERA General Manager Greg Smith. A few years ago, Colorado PERA officials and their hired lobbyists argued that the PERA public pension system's 69 percent funded ratio was such a crisis that the contracts of Colorado PERA pensioners just had […]

WHY HAS AARP COLORADO OPTED AGAINST DEFENDING COLORADO PERA RETIREES? A few years ago, when the Rhode Island Legislature broke the public pension COLA (inflation protection) contracts of Rhode Island retirees, the AARP provided legal representation to fight the breach of pension contracts. As I understand it, AARP continues the legal battle in Rhode Island […]

Colorado state agencies will be surprised to learn that answering questions posed by the Joint Budget Committee's staff and members in the state budget oversight process is optional. Colorado PERA administrators have manipulated the Colorado state budgetary process to avoid answering budget process questions posed by the members and/or staff of the Colorado Joint Budget […]