Colorado’s Public Employee Retirement Association, PERA, is the public pension plan for Colorado’s state workers and public school teachers, as well as some local government employees. PERA has five major divisions, State Division, School Division, Denver Public Schools Division, Local Government Division, and Judicial Division. Far and away, the two largest divisions are the State and School Division.
PERA’s largest offering is its Defined Benefit plan, which promises lifetime benefits for retirees, based on age at retirement and years worked. It functions in lieu of Social Security for its active members. The plan is funded by a combination of government contributions and member contributions, which vary from division to division. PERA also offers a smaller Defined Contribution plan.
From its origins as an effort to address legitimate slum and blight, URAs and TIF are now prime examples of cronyism and corporate welfare at the local level.
by Jon Caldara Growing up in the seventies and eighties I heard the liberal mantra like a synthetic drumbeat. “The ends don’t justify the means.” From every drippy Norman Lear sitcom to every self-important episode of “Hill Street Blues,” Hollywood lectured us that superior people held to their principles, even if they didn’t like the