May 31, 2017 – As the state pension fund, Colorado PERA provides retirement and other benefits to the state’s teachers, State Troopers, snowplow drivers, corrections officers and other public employees who provide valuable services throughout the State of Colorado. After the economic downturn in 2008, the Colorado General Assembly enacted a comprehensive reform plan to ensure Colorado PERA would be fully funded by 2041, but in the last couple of years, reports suggest it will take longer than planned to secure monies for the promised benefits to PERA’s more than half million members.
In January of this year, executive director Greg Smith told the PERA board, ““We’re not on the brink of running out of money…But what we are is at a much higher risk profile than we’re comfortable with” (see the article in the Denver Post).
As such, PERA is engaging the community in a conversation about reducing the risk profile for Colorado PERA through innovative solutions that will ensure the pension fund remains a sustainable and secure retirement plan for the state’s public employees, while continuing to strengthen Colorado’s economy. GJEP is thrilled to have Greg Smith join us at the 2017 Western Colorado Economic Summit to continue this conversation our residents in the Grand Valley.
VISIT WWW.WESTCOECONOMICSUMMIT.COM FOR MORE SPEAKER INFORMATION, THE AGENDA AND TICKETS FOR THE 2017 WESTERN COLORADO ECONOMIC SUMMIT!