What’s your share of PERA’s shortfall?

S&P Global Ratings has released a fascinating, in-depth report that looks at the health (or lack thereof) of various state pension plans across the country. CNBC has boiled it down to its essence.

Read the S&P report and study its charts if you want detailed information on such matters as where Colorado PERA ranks compared to other states on riskiness of investment allocations (PERA actually looks relatively prudent here), and how consistently it makes required contributions based on conservative actuarial assumptions (fourth worst out of the 50 states).

CNBC boils it down to this: PERA’s 60 percent funded ration means that every man, woman, and child in the state would have to pay $1,676 to close the 2015 funding gap. Some day, that bill will come due, and the tab is unlikely to shrink.

3 Comments

  • Dave London

    15.09.2016 at 14:44 Reply

    Why do you not talk about the money stolen from Colorado PERA ,in the late 1990’s .
    When the fund was over 100% funded and the politicians, forced a reduction, saying that 80% was the golden number. Now they will try to steal more from the pensioners .

  • John MacPherson

    15.09.2016 at 17:43 Reply

    Yes, you are correct:”Someday these liabilities will be due and payable.” A better question to ask from today’s perspective would be: “How much of PERA’S unfunded liability is due and payable today?”

  • 4ever49

    19.09.2016 at 20:34 Reply

    Not to worry folks, GASB has already stuck local taxpayers with the bill.

    Just take a look at your local city, county or school board 2015 CAFR (Certified Annual Financial Report) and look for GASB Statement 68 in the footnotes.

    You’ll find they’ve required a liability be added without the approval of anyone – including the taxpayers.

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