Raise the tax on pot!
Dave Ramsey says to expect 12% returns over time. What was this pension fund invested in to only get 1.5% and target only 6%?
Returns, smehturns...we don’t need no stinkin’ returns.
“State Treasurer Walker Stapleton and PERA Executive Director Greg Smith disagree about how serious the disappointing 1.5 percent return on retirement investments...
....Smith received a nearly 20 percent pay raise last year. His base salary is $394,000, but he could receive a discretionary bonus of up to 30 percent, bringing his salary to at least $512,200. “
Every Colorado State employee knows the exact date of their retirement and how much they’ll get. They live for that day. Don’t do much work, but they sure know that information. Very liberal people. I hope they take it in the shorts as they have given it to Colorado taxpayers so often.
Colorado should move to California's BizarroWorld, where CalPers is getting 8 percent on their investments... LOL! :)