Colorado treasurer takes aim at changes to PERA

DENVER — Colorado Treasurer Walker Stapleton is on a one-man mission to reform the state’s largest public employee retirement system.

The Republican, who is expected to run for governor next year, has gotten three bills introduced into the Colorado Legislature that would change the way the Colorado Public Employees’ Retirement System operates.

Stapleton, who has long said the system needs changing to address its long-term solvency, got Republican lawmakers to introduce:

■ SB113, which would place a cap on how much state and local governments could contribute to their workers’ retirement plans;

■ SB158, which would reduce the number of people on the PERA board who are also beneficiaries of the plan; and

■ HB1176, which would undo a lawsuit Stapleton lost in 2014 that denied him access to more detailed information about the retirement accounts of PERA’s 568,000 participants.

Read more: http://www.gjsentinel.com/news/articles/colorado-treasurer-takes-aim-at-changes-to-pera/