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Colo. Senate To Vote Today on PERA Rescue

Lawmakers will take a final vote today on a measure that reduces cost-of-living benefits, raises the retirement age and increases contributions to Colorado’s pension fund, The Denver Post reports. Senate President Brandon Shaffer, D-Longmont, and Minority Leader Josh Penry, R-Grand Junction, have worked for six months on Senate Bill 1, a plan to rescue the Public Employees’ Retirement Association, which has nearly $30 billion in unfunded liabilities.

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