[george76]

Colorado’s largest public employee pension fund lost more than $10 billion in 2008.

the Public Employees Retirement Association or PERA can now meet only about 52 percent of its obligations.

[EGPWS]

the Public Employees Retirement Association or PERA can now meet only about 52 percent of its obligations.

What are they going to do, raise the retirement age and cut benefits?

[businessprofessor]

Here is a dirty secret about pension obligations in Colorado and mnay other states. The baby boom has hit public employee pensions. In Colorado, a crush of employees has retired as early as possible over the last 10 years. an increasing part of the portfolio must be invested to support the crush of retirees, many who spiked their pensions in creative ways.

The problem is long term interest rates. Private sector plans for lifetime income (single premium insurance annuities) purchase a portfolio of investment grade corporate bonds. However long term corporate bonds rates are not 3 to 3.5 percent a dismal rate for a long bond with lots of uncertainty about future inflation. Long term bonds are still in bubble so the pension agency has to be cautious in purchasing them. How can a pension manager generate income to pay for retiree benefits?

[notdownwidems]

Colorado’s largest public employee pension fund lost more than $10 billion in 2008. the Public Employees Retirement Association or PERA can now meet only about 52 percent of its obligations.

Are you saying that these leeches aren't getting their money? That's news to me. I have an acquaintance that recently retired from the State of Colorado. He was just telling me about how his fitness club membership is covered on his retirement insurance package. I asked him, 'do you really think the Colorado taxpayers will continue to subsidize your retirement with the unemployment rate so high?'...his response: 'well, then the state shouldn't have agreed to pay out that much money!' Well, can't argue with that!

[MtnClimber]

I can guess who they want to make up the difference.