With $23 billion in debt, PERA is an unfunded liability that can’t be rescued with tinkering and tweaks. More importantly, it is a fundamentally unfair and outdated model that creates winners and losers based on the wrong metrics and makes public sector careers less attractive to the future workforce.
Failure to address this issue will result in ever-increasing sums of state and local tax dollars going to service pension debt. The consequence of this is the budgetary “crowding out”, year after year, of important public services from educational programs to health care, roads, parks and all the rest. That is not the future Colorado wants.
Please join us in pushing for sensible, sustainable pension reform in Colorado. You can find more information about our organization, its strategies, and its goals here.