Joshua Sharf at Page Two: The Public Employee Retirement Association (PERA) admits to having $23 billion in obligations for which it has insufficient assets to cover. Using a more conservative discount rate, appropriate for a public pension obligation, the unfunded liability looks more like $57 billion, or $23,000 for every Colorado household. What do you think, is it time to seriously address PERAs long-term shortfall? Joshua offers several recommendations in the piece.
Posted on: Mon, 27 Jan 2014 15:06:58 +0000
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