Comments on: Task Force chooses Chicago attorney to lead RFP process http://csbj.com/2011/09/16/task-force-chooses-chicago-attorney-to-lead-rfp-process/ Tue, 21 May 2013 18:48:54 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Al Moncrief http://csbj.com/2011/09/16/task-force-chooses-chicago-attorney-to-lead-rfp-process/comment-page-1/#comment-64536 Al Moncrief Sat, 17 Sep 2011 18:22:06 +0000 http://csbj.com/?p=45256#comment-64536 IF YOU DON’T LIKE THE TERMS OF A CONTRACT, DON’T BECOME A PARTY TO THE CONTRACT.

Colorado Springs should buck up and stop trying to escape its debts. It is particularly ugly that the city is trying to push its debts off onto the backs of all other Colorado municipalities. What is so difficult to understand about this? The city has a contractual obligation to Colorado PERA. Colorado PERA has a contractual obligation to provide earned, vested, accrued, contracted employment benefits to its members. Colorado Springs’ PERA debt level related to Memorial is estimated at approximately 1/4 billion. This debt level will increase further when PERA’s 2010 attempt to steal contracted COLA benefits from retirees is overturned in the courts. (The recent Denver District Court decision was deeply flawed, see saveperacola.com for more on this.) In conclusion, see header.

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