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  • PERA’s low returns call for changes to the system

    PERA’s low returns call for changes to the system0

    • July 25, 2016

    by Joshua Sharf The leaders of Colorado’s Public Employee Retirement Association (PERA) assure us that if we have patience, long-term investment returns of 7.5% will fully fund the program’s promises to retirees over the next forty years or so. But what if those returns fail to materialize? Moving PERA from the current defined benefit plan

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  • Colorado’s PERA shortchanging state workers and taxpayers0

    • June 23, 2014

    Problems with Colorado’s public employee pension system are making it hard for our state government to attract some of the best employees. That’s the persuasive finding of a new study by the Urban Institute, a left-leaning think tank in Washington. An employer’s retirement plan is part of an overall compensation package designed to entice and

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  • Fairness in retirement age a necessary public pension reform0

    • June 3, 2014

    Imagine that you and your neighbor are friends and professional peers. You belong to the same professional organizations. You each have worked for your respective employers for a long time as retirement approaches. But one of you works for a private employer, the other for the State of Colorado. The state employee can retire with

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  • Special interest giveaways burden Colorado taxpayers, muddy tax code0

    • March 12, 2014

    Last fall, Colorado officials claimed a $1 billion tax increase was needed to save the state’s public schools. Voters did not approve the tax increase. If officials were telling the truth, one would expect that this year they would be directing every extra budget dollar toward K-12 education. This is not happening. Instead, bills currently

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  • Will increasing Colorado’s top income tax bracket by 27 percent affect incomes?0

    • August 6, 2013

    At present, everyone in Colorado pays the same marginal income tax rate, 4.63 cents out of every additional taxable dollar earned. Colorado officials and their allied interest groups support a constitutional amendment both to increase the state’s income tax and to create two tax brackets. They say the additional funding will improve K-12 education, although

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  • Denver’s proposed disposable bag ‘fee’ obviously a tax0

    • August 5, 2013

    Members of the Denver City Council are proposing an ordinance that would impose a 5-cent charge on disposable (paper and plastic) bags used to carry purchases at point of sale at grocery and convenience stores with “over 1500 square feet” of retail space. Proponents call this bag charge a “fee.” But with even a little

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