This report outlines several key findings about the Colorado Public Employees' Retirement Association (PERA).
Colorado should take action to avoid dire financial consequences, and it should take immediate steps to improve the financial stability of its pension system. Such measures include developing a credible plan to pay down PERA's current unfunded liability, managing future cost uncertainty, and adopting a flexible funding policy. These reforms would allow Colorado to create a lasting, secure retirement plan and would help to ensure that the state is able to deliver on its promises to citizens and public employees.