PERA chief Smith nets nice raise

We feel this information should appear on PERAscope, but requires no commentary from us. Here’s the meat of the article:

Over the protests of Colorado’s state treasurer, the head of the state’s retirement system received a 3 percent salary increase on Tuesday – his second raise in just over a year – bringing his salary to nearly $406,000 in 2017.

And:

“It is unconscionable that Greg Smith will receive a 3 percent raise and 20 percent bonus for doing absolutely nothing to address PERA’s growing unfunded liability,” (State Treasurer Walker) Stapleton said in a statement issued by his office. “This bonus is not tied to any performance. He is getting an extra 20 percent for simply showing up and maintaining the status quo. This is a prime example of all that is wrong with government.”

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