Get taxpayers off the PERA-go-round
When President Bush and Congress first proposed a financial bail out for Wall Street investors last September, a grassroots chorus — from the Left and the Right — decried using public taxpayer funds to pay off the debts of private investors.
In Colorado, the state’s largest pension fund has lost 25 percent of its investment assets — $11 billion — in the past year, jeopardizing its long-term ability to pay retirement benefits promised to some 413,000 current and former government employees. (more…)