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PERA, city pension trial set for October
A five-day trial pitting Colorado Springs against the Public Employees Retirement Association will start Oct. 28. At risk is $185 million from the lease proceeds of Memorial Hospital to University of Colorado Health. The money could be used to jump start a new foundation that will distribute grant money once it is up and running [...]
It’s time for round two in the legal battle between the city of Colorado Springs and the Public Employees Retirement Association. The city filed a suit two weeks ago, asserting that it doesn’t owe PERA for additional retirement benefits for employees of Memorial Health System once the University of Colorado Health takes over the hospital. [...]
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