Categorized | Miscellaneous

PERA board change passes Second reading in Hous

From The Colorado Independent: Tempers ran high on the floor of the Colorado House today as members discussed reducing the number of PERA board members selected by employees and replacing them with governor appointees. The bill sponsored by Rep. Jim Kerr, R- Littleton, and Sen. Ellen Roberts, R-Durango, passed on second reading. The bill would dramatically change the composition of the Public Employees Retirement Association pension fund board by moving the balance of power away from PERA members and toward political appointees who do not and will not receive PERA retirement benefits.

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