PERA

CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)
James Ennis


  A new study by media and analysis firm Corporate Knights reveals that Colorado's Public Employee Retirement Association (PERA) lost over 1.7 billion in retirement savings since 2009 by continuing to invest in fossil fuels. Climate activists hope the new data could convince PERA's Board of Trustees to take divestment action.

A major piece of legislation to reform the state’s pension plan is making its way through the state legislature during the final days of the session. One in 10 Coloradans receives a public pension through the Public Employees Retirement Association (PERA). But PERA has unfunded liabilities totaling about $32 billion, and lawmakers are divided over how best to shore up the program.

Statehouse reporter Bente Birkeland spoke with Marianne Goodland with Colorado Politics and Ed Sealover with the Denver Business Journal about the possible changes and its likelihood of passage.