PERA is the retirement system for over 560,000 public service employees. It is also very very underfunded. This week we dive into the numbers to examine how the Colorado PERA system has reached such a perilous place and the efforts that the Colorado legislature is undertaking to try and fix the system. We also look at how other States are doing in funding their systems and how bad math, and optimistic projections has resulted in some terribly managed State pension systems.
Check out our gallery for some incredibly interesting stats and facts on the state of PERA and other systems throughout the US. For an excellent rundown check out this chart listing the changes that the Senate bill will enact to try and fix the system.
Enjoy the show!