by Amy Gillentine Published: October 14,2011
Tags: claim, PERA, state treasurer
PERA’s claim asks the Denver District Court to provide guidance about the circumstances under which the group can lawfully disclose confidential member information to its trustees. [...]
by Amy Gillentine Published: August 25,2011
Tags: legal action, Memorial Health System, pension plan, PERA, State
Memorial Health System has broken off negotiations with the state’s Public Employment Retirement plan – and is threatening legal action. PERA claims that Memorial would have to pay $246 million if it becomes a private nonprofit, but that’s not the way Memorial executive see it. The way Memorial views it: all Memorial employees would be [...] [...]
by Amy Gillentine Published: August 19,2011
Tags: Memorial Health System, PERA
City Council will vote Aug. 23 about whether to place a Memorial Health System ownership question on the November ballot, and the biggest factor in the vote is how much Memorial will pay to exit the Public Employees Retirement Association. PERA has calculated it will cost $246 million, a figure that derailed progress toward the [...] [...]
by Amy Gillentine Published: January 24,2011
Tags: delay, Memorial Health System, PERA
The millions of dollars required to move its employees from a public pension plan to a private one could scuttle any plans for a change in ownership for Memorial Health System. Actuaries at the Public Employees Retirement Association estimated the cost of covering retiree benefits as $246 million — much higher than the $30 million to [...] [...]
by Associated Press Published: October 13,2010
Tags: 2011 gubernatorial, Hickenlooper, PERA
Democratic gubernatorial candidate John Hickenlooper said Tuesday Colorado could tap part of the $33 billion state retirement fund for loans to small businesses, providing up to $150 million a year to help stabilize its economy. Hickenlooper told workers at a prescription data center the state should use its assets for loans. He said the state [...] [...]
Memorial Health System employees, worried that a sale of the network will eliminate their state-run pensions, could be better off under a different retirement plan. That’s the assessment of a growing chorus of think tanks and experts in the field who point to the troubles of public pensions nationwide. More than 4,000 of Memorial’s employees [...] [...]
by John Hazlehurst Published: July 3,2010
Tags: John Hazlehurst, PERA
Let us consider the following press release from state Treasurer Cary Kennedy concerning the Public Employees Retirement Association, the state pension plan. “It is wrong for PERA to pay out bonuses to employees on the one hand, and on the other, ask retirees to give up cost of living increases in years when the market [...] [...]
by John Hazlehurst Published: June 30,2010
Tags: Mayor Lionel Rivera, PERA, TABOR
In his “State of the City” address today, Mayor Lionel Rivera called upon Colorado Springs residents to suspend the city's TABOR law for this year and through 2012 and urged the legislature to reform the pension plan for state and local government workers. [...]
by John Hazlehurst Published: April 17,2010
Tags: Hazlehurst, PERA
If you’re a 55-year-old retiree who receives a pension from the Colorado Public Employees Retirement Association, you may be a resident of geezer heaven. That’s because assuming you started working for the city of Colorado Springs, or as a public school teacher 30 years ago at age 25, you could retire today and collect 75 [...] [...]
by Amy Gillentine Published: March 30,2010
Tags: Memorial Commission on Governance and Ownership, Memorial Health System, pension fund, PERA
The Memorial Commission met yesterday to discuss several thorny legal questions, among them what happens to the pensions of the 4,000 people employed at the three-hospital system. The pension question will weigh heavily as the commission decides whether to sell Memorial Health System and to whom. If a for-profit company buys the hospital system, then [...] [...]
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