Tag: Public Employees’ Retirement Association
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Colorado business coalition moves Pinnacol privatization fight from Capitol to voters
The future of Pinnacol Assurance is moving away from the governor’s office and the legislature, with a new ballot initiative aiming to privatize the insurer and use the proceeds to expand job training across Colorado. Colorado Succeeds, a coalition of business leaders focused on education, is pursuing a ballot measure to allow Pinnacol, the quasi-government…
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PERA to Pinnacol: $302 million, please
The Public Employees’ Retirement Association has come up with a number for Pinnacol Assurance, the state’s largest workers’ compensation insurer of last resort, to buy out its employees and retirees’ share of PERA’s pension. Pinnacol, with the support of Gov. Jared Polis, is hoping to privatize, a deal that would bring $400 million into state…
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Colorado Public Employees’ Retirement Association terminates director
The Public Employees’ Retirement Association (PERA) announced the termination of its executive director Tuesday. The Colorado PERA Board of Trustees voted unanimously Monday to terminate the employment of Executive Director Ron Baker, according to a news release. Baker’s termination comes after an almost two-month leave of absence, according to the release. PERA did not say…
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Colorado lawmakers take preliminary action on PERA repayment
Despite concerns around gubernatorial opposition to making up a missed 2020 payment to the Public Employees Retirement Association, the House Finance Committee took first action this week on House Bill 1029. That measure would not only make up the $225 million payment due in 2020 that was suspended due to the recession, but also add…