Is This a Fair PERA Plan?

Treasurer Walker Stapleton is running for Governor of Colorado on an agenda of dismantling PERA (Public Employees’ Retirement Association). He released a plan for changes he thinks should be made to PERA this legislative session.

  • No COLA for 20+ years
  • 5% contribution increase for active employees (this is approx. what would be required based off his plan below)
  • No additional employers dollars into PERA
  • Retirement age will be increased to match social security, 67 years old
  • Increase the highest average salary from 3 years to 10 years.
  • The 30 year expected rate of return should be lowered from 7.25% to 5%.

Tell him what you think about it and how his plan would drastically impact you.