TruMix.com : Podcasts : The Face The State Radio Minute|8/21: PERA soaked in red ink Episode Episode

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Trumix.com : Podcast : The Face The State Radio Minute

The Face The State Radio Minute

Language: English
Category: News and Politics /
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The Face The State Radio Minute|8/21: PERA soaked in red ink Episode

Colorado's public employee pension system is soaked in red ink. More on that in a moment on the Face The State radio minute. As the Public Employees Retirement Association, PERA, embarks on a statewide "listening" tour about its current state of affairs, one thing that has become clear is that the pension can't afford to pay out what it has promised. Defined benefit programs for state employees are not financially sound and guaranteeing rich retirement benefits even when the economy is weak is a surefire way to break the bank. read more

[ Fri, 21 Aug 2009 11:00:11 -0500 ]

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