Colorado’s public worker pension fund not “fiscally sound” (The Denver Post)

December 1, 2012 – The Colorado Public Employees’ Retirement Association is one of 21 state pension funds that are not “fiscally sound,” according to a national investment research firm. The report, from Morningstar Inc., found that 21 states’ aggregate funded ratios were below 70 percent, the threshold which Morningstar considers a system to be “fiscally sound.” The funded ratio was determined by dividing a pension plan’s assets by its liabilities. PERA has $26 billion in unfunded liabilities. Lawmakers in 2010 passed a bipartisan piece of legislation that raised retirement ages for government workers, reduced annual cost-of-living adjustments and required increased contributions from government employers and their workers.

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