Content Tagged As pera
Tagged News
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Memorial Hospital lease leaves PERA problem pending Play Video
August 29, 2012 8:44 PM
A community vote Tuesday night determined Memorial Hospital's fate: an overwhelming 'yes' majority signed on to more forward the hospital's lease to the University of Colorado Health System. Though the change is immediate, it leaves one $185 million dollar question unanswered. More than 76,000 voters weighed in on Memorial... more » -
Memorial Hospital's future is on hold
January 24, 2011 7:40 PM
The future of Memorial Health System in Colorado Springs is on hold after a Mayoral Task Force recommended the delay to city councilmembers Monday afternoon. Memorial Health System Board of Trustees Vice-President John Moore says two reasons go into asking for the delay. 1. Moore says recent survey... more » -
Hickenlooper: tap PERA for business loans
October 13, 2010 8:46 AM
Democratic gubernatorial candidate John Hickenlooper says the state could tap part of the $33 billion state retirement fund for loans to small businesses. Hickenlooper told workers at a prescription data center on Tuesday the state should use its assets for loans. He says the state could raise $100... more » -
Auditors say Colorado pension plan recovering
August 17, 2010 8:35 AM
Colorado's state pension fund is back on track toward solvency after state lawmakers became the first in the nation to cut retiree benefits to prevent its pension system from going broke. Thomas Cavanaugh, an actuary for Cavanaugh Macdonald Consulting, told lawmakers Monday that they would have to spend 40... more » -
PERA solvency review due today
August 16, 2010 9:13 AM
Colorado lawmakers are getting an update on the health of the state employee retirement plan. The legislature cut benefits this year to keep the plan from going broke. Under the new law retirees got no cost of living increase this year instead of the normal 3.5 percent increase. ... more » -
Plan for program doesn't sit well with local retirees
February 21, 2010 8:32 PM
A bill, that would cut the cost of living increases to retirees, has passed the house and senate. Now it awaits the governor's signature to become law. A local group of retirees says if he signs it, they'll sue the state. Hundreds of thousands of government employees pay into,... more » -
Bill changing state pension system up for a vote
January 26, 2010 10:18 AM
A plan to change the state's pension system is set to get its first hearing at the Capitol. The bill has the backing of Senate leadership and is expected to pass a vote in the Senate Finance Committee Tuesday. One of the proposed changes would likely wipe out... more » -
Bill changing state pensions up for vote
January 25, 2010 6:00 PM
A plan to keep the state's pension system from going bankrupt is set to get its first hearing at the Capitol. Senate President Brandon Shaffer and Senate Minority Leader Josh Penry are backing the bill and expect it to pass its first vote in the Senate Finance Committee on Tuesday.... more » -
Deal reached to fix PERA
January 5, 2010 5:24 PM
Leaders of the Colorado Senate have reached a tentative deal on a plan to fix the state pension fund. Senate President Brandon Shaffer and Senate Minority Leader Josh Penry told The Associated Press on Tuesday that the proposed deal offers security for state workers after their pension plan was rocked... more » -
Overhaul proposed to state pension plan
October 20, 2009 7:48 PM
The state employee pension fund for has lost billions of dollars in bad investments during the economic downturn and in order to make it more stable in the future, the board of trustees is now asking workers to pay in more and push back their retirements. Nearly half a... more » -
Colorado state pension board to review changes
October 16, 2009 9:21 AM
The board that oversees Colorado state pensions is meeting today to discuss changes so it can continue to pay benefits. An actuarial consulting firm told lawmakers that the Public Employees' Retirement Association had reduced its projected liabilities by about $300 million by the end of last year. PERA says assets... more »
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